Peter has 80% as much savings as Jane. Jane has 250% as much savings as Tom. What percentage of Tom's savings is Peter's savings?
Question
Peter has 80% as much savings as Jane. Jane has 250% as much savings as Tom. What percentage of Tom's savings is Peter's savings?
Solution
Step 1: Let's assume Tom's savings as 100% (since we don't know the actual amount).
Step 2: According to the question, Jane has 250% as much savings as Tom. So, Jane's savings would be 250% of Tom's savings, which is 250% * 100% = 250%.
Step 3: The question also states that Peter has 80% as much savings as Jane. So, Peter's savings would be 80% of Jane's savings, which is 80% * 250% = 200%.
So, Peter's savings is 200% of Tom's savings.
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