The cost of item X is 30% more than the cost of item Y. By what percent is the cost of item Y
less than the cost of item X?
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Answer:
correct answer is 23.07%
Explanation:
take “X” = 100, then “Y” will be 130 (since Y exceeds X by 30%).
by how much percentage is X less than Y
=([130-100]/130)*100
=23.07%
“X” is less than “Y” by 23.07 %.
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