A company gives bonus to retailer annually for a set target. This year the retailer has reached 1/4 of his target. If this year his target is increased to 20% from last year, how much target percentage of last year's target he should reach in order to get the bonus.	Answers: A) 5/20 B) 19/20 C) 6/5 D) 10/24 E) 2/3
Given 1/4 and 20% that is 1/5   Let the target of last year be 20   This year's target is 20% more of last year= 24   Target already reached is   1/4 *20= 
<gadget id="calculator">  1/4 *20</gadget>
<output>5</output>
5   Remaining is  24-5= 
<gadget id="calculator"> 24-5</gadget>
<output>19</output>
19   Required 19/20   Answer is (19/20)
<result>B</result>
A company gives bonus to retailer annually for a set target. This year the retailer has reached 1/4 of his target. If this year his target is increased to 20% from last year, how much target percentage of last year's target he should reach in order to get the bonus.