Each person who attended a company meeting was either a stockholder in the company, an employee of the company, or both. If 60 percent of those who attended the meeting were stockholders and 47 percent were employees, what percent were stockholders who were not employees? Answers:
A) 34%	B) 38%	C) 45%	D) 53%	E) 62%
Let M represent the number of meeting attendees. Then, since 60% of M or 0.60M   were stockholders and 47% of M or 0.47M were employees, it follows that 0.60M +   0.47M = 1.07M were either stockholders, employees, or both. Since 1.07M exceeds   M, the excess 1.07M − M = 0.07M must be the number of attendees who were both   stockholders and employees, leaving the rest 0.60M − 0.07M = 0.53M, or 53%, of   the meeting attendees to be stockholders but not employees.   The correct answer is 53%.
<result>D</result>
Each person who attended a company meeting was either a stockholder in the company, an employee of the company, or both. If 60 percent of those who attended the meeting were stockholders and 47 percent were employees, what percent were stockholders who were not employees?