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Indian Economy - Understanding the basics of Indian economic system

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P’s income is 20% more than Q’s income. How much % Q’s income less than P’s income ?

18.54%

16.67%

17.76%

15.75%

Explanation:

B income = 100
A income = 100*120/100 = 120
% = (120-100/120)*100 = 16.67%
Hence, option 2 is the correct answer.

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