Answer:
True
Step-by-step explanation:
We have two salaries:
My salary is A
Your salary is B
If I earn 60% more than you
This means that
[tex]A = (1 + 0.6)B = 1.6B[/tex]
You must earn 37.5% less than me
The ratio between your salary and mine is:
[tex]r = \frac{B}{1.6B} = 0.625[/tex]
Your salary is 62.5% of mine. So you earn 100-62.5 = 37.5%. So this is true.
