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Vincen
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Global Stats
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?
(A) \(8\%\)
(B) \(15\%\)
(C) \(45\%\)
(D) \(52\%\)
(E) \(56\%\)
Answer: C
Source: Official Guide
(A) \(8\%\)
(B) \(15\%\)
(C) \(45\%\)
(D) \(52\%\)
(E) \(56\%\)
Answer: C
Source: Official Guide
