Of the 800 employees of Company X, 70 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 40 percent ? Choose the correct choice from the following answers
A) 200 B) 160 C) 400 D) 80 E) 56
The # oflong-termemployees is 70%*800=560.   After y of them retire new # oflong-termemployees would become 560-y.   Total # of employees would become 800-y.   We want 560-y to be 40% of 800-y --&gt; 560-y=(800 -y)*40% --&gt; y = 400.   Answer: 400.
<result>C</result>
Of the 800 employees of Company X, 70 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 40 percent ?