Give stream of consciousness and then the final answer. A pharmaceutical company received $4 million in royalties on the first $50 million in sales of and then $12 million in royalties on the next $170 million in sales. By approximately what percentage did the ratio of royalties to sales decrease from the first $50 million in sales to the next $170 million in sales?
Options:
(A) 12%
(B) 15%
(C) 45%
(D) 52%
(E) 56%
(12/170)/(4/50) = 15/17 = 88% it means that 12/170 represents only 88%. Therefore a decrease of 12%.
The final answer: (A).