120 percent. It sounds silly, and almost too easy of an answer, but it is correct
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100*12/120 = 10%100*12/120 = 10%100*12/120 = 10%100*12/120 = 10%
120 is 120% of 100.
120% of 100 = 120
40% of 50% of 120 = (40/100)*(50/100)*120 = 24.
ANSWER: 24 percent% rate:= 120/500 * 100%= 0.24 * 100%= 24%