SOLUTION: This is a True or False question on my homework. I would like to know why the statement is either true or false. I have no idea about percentages so any help solving this would be

Question 1002396: This is a True or False question on my homework. I would like to know why the statement is either true or false. I have no idea about percentages so any help solving this would be greatly appreciated!
If I earn 60% more than you, then you must earn 37.5% less than me.
Found 2 solutions by fractalier, Boreal:
Answer by fractalier(6550) (Show Source): You can put this solution on YOUR website!
When you deal with percentages, I urge my students to use the number 100 as often as possible...
If I earn $100, you would be earning 60% more, or $160.
I am earning $60 less than you, and $60/$160 = .375 or 37.5% less...
Does that help?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
If I make x dollars, you make 16/10 more than I do.
That means I make 5/8 of what you do, and that is 3/8 less than you make, and 3/8=37.5%.
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