A pharmaceutical company received $3 million in royalties on the first $20 million in sales of and then $9 million in royalties on the next $102 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 $102 million in sales?	Choose one:
A) 8%
B) 15%
C) 40%
D) 52%
E) 56%
(9/102)/(3/20) = 30/54 = 58,5% it means that 9/108 represents only 58,5%. Therefore a decrease of 45%.   Answer 40%
<result>C</result>
A pharmaceutical company received $3 million in royalties on the first $20 million in sales of and then $9 million in royalties on the next $102 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 $102 million in sales?