Farm Tax is levied on the 60% of the cultivated Land. The tax department collected total $ 5000 through the farm Tax from the village of Mr. william. Mr. william paid only $ 480 as farm tax. The percentage of total land of Mr. willam over the total taxable land of the village is :
Choose the correct option:  A) 15 %  B) 16 %  C) 0.125 %  D) 0.2083 %  E) none

Rationale: "this will be equal to the percentage of total cultivated land he holds over the total cultivated land in the village . that leads to ( 480 / 5000 ) x 100 = 9.6 % in percentage terms . but the question asks ratio between his total land to total cultivated land . hence the answer is 9.6 % x ( 100 / 60 ) = 16 % the correct answer is ( b ) ."
Answer: B