Salary of Mohit is 60% more than Vijay. Salary of Vijay is how much percent less than Mohit?

Solution (By Examveda Team)

Given:
Salary of Mohit is 60% more than Vijay
Formula used:
Percentage = $$\frac{{{\text{Difference}}}}{{{\text{Larger value}}}} \times 100$$
Calculations:
Let the salary of Vijay = Rs. 100
⇒ So, the salary of Mohit = 100 + 60% of 100 = 100 + 60 = Rs. 160
According to the formula,
$$\eqalign{ & \Rightarrow {\text{Percentage}} = \frac{{{\text{Difference}}}}{{{\text{Larger value}}}} \times 100 \cr & = \frac{{160 - 100}}{{160}} \times 100 \cr & = \frac{{60}}{{160}} \times 100 \cr & = 37.5\% \cr} $$
Hence, the salary of Vijay and less than Mohit by 37.5%