A pharmaceutical company received $3 million in royalties on the first $20 million in sales of and then $8 million in royalties on the next $108 million in sales. By approximately what percentage did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?  Pick.
A) 8% B) 15% C) 46% D) 52% E) 56%
(8/108)/(3/20) = 30/54 = 49,3% it means that 8/108 represents only 49,3%. Therefore a decrease of 46%.   Answer 46%
<result>C</result>
A pharmaceutical company received $3 million in royalties on the first $20 million in sales of and then $8 million in royalties on the next $108 million in sales. By approximately what percentage did the ratio of royalties to sales decrease from the first $20 million in sales to the next $108 million in sales?