OG 2016 Tracker >>> OG2016 Problem Solving Video Solutions (OG Practice)



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OG2016 PS Practice #138.
A pharmaceutical company received $3 million in royalties on the first $20 million in sales of the generic equivalent of one of its products and then $9 million in royalties on the next $108 million in sales. By approximately what percent did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?
8%
15%
45%
52%
56%

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