Of the 800 employees of Company X, 80 percent have been with the company for at least ten years. If y of theselong-termmembers were to retire and no other employee changes were to occur, what value of y would reduce the percent oflong-termemployees in the company to 60 percent ?	Choose the correct choice from the following
A) 200 B) 160 C) 400 D) 80 E) 56
Original (Long-Term is 70%)   Total = 800   Long-Term = .8(800) = 640   New (Long-Term is 60%)   New Total = 800 - y   New Long-Term = 640 - y   640 - y = .6 (800 - y)   y = 400   Answer: 400
<result>C</result>
Of the 800 employees of Company X, 80 percent have been with the company for at least ten years. If y of theselong-termmembers were to retire and no other employee changes were to occur, what value of y would reduce the percent oflong-termemployees in the company to 60 percent ?