Royalty on the book is less than canvassing expenditure by
50%
The image shows that the royalty on the book is 12% and the canvassing expenditure is 24%. To find the difference, we subtract the royalty from the canvassing expenditure:
Canvassing Expenditure - Royalty = 24% - 12% = 12%
Now, we need to find what percentage 12% is of 24%. We can express this as a fraction:
\(\frac{12\%}{24\%} = \frac{12}{24} = \frac{1}{2}\)
Converting the fraction to a percentage, we get:
\(\frac{1}{2} \times 100\% = 50\%\)
Therefore, the royalty on the book is 50% less than the canvassing expenditure.
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