If the euro is worth 60% more than the Canadian dollar, how much less (in percentage terms) is the Canadian dollar worth than the euro?
A) 40%
B) 37.5%
C) 62.5%
D) 45%
E) 55%

Question

Quizplus · Accepted Answer

If the euro is worth 60% more than the Canadian dollar, it means if the Canadian dollar is considered as 1, the euro would be 1 + 60% of 1 = 1.60. To find out how much less the Canadian dollar is worth than the euro, we calculate the difference in their values relative to the euro. The difference is 0.60, and when we calculate this as a percentage of the euro's value (1.60), we get (0.60 / 1.60) * 100 = 37.5%.

If the Euro Is Worth 60% More Than the Canadian