Company KW is being sold, and both Company A and Company B were considering the purchase. The price of Company KW is 60% more than Company A has in assets, and this same price is also 100% more than Company B has in assets. If Companies A and B were to merge and combine their assets, the price of Company KW would be approximately what percent of these combined assets? Choose the correct answer:
A) 66 % B) 75 % C) 89 % D) 116 % E) 150 %

Rationale: "let the price of company a ' s assets be 100 price of assets of kw is 60 % more than company a ' s assets which is 160 price of assets of kw is 100 % more than company b ' s assets which means price of company b ' s assets is half the price of kw = 80 a + b = 180 kw = 160 kw / ( a + b ) * 100 = 160 / 180 * 100 = 88.88 % or 89 % c"
Answer: C