Answer:
25%
Step-by-step explanation:
George is 33[tex]\frac{1}{3}[/tex]% ([tex]\frac{100}{3}[/tex]%) richer than Pete. Let Pete's percentage of wealth be 100%.
Thus George percentage of wealth = 100% + [tex]\frac{100}{3}[/tex]%
= [tex]\frac{400}{3}[/tex]%
= 133[tex]\frac{1}{3}[/tex]%
Pete's percent poorer than George can be determined by;
= [tex](\frac{100}{3})[/tex] ÷ [tex](\frac{400}{3} )[/tex] × 100
= [tex](\frac{100}{3})[/tex] × [tex]\frac{3}{400}[/tex] ×100
= 0.25 × 100
= 25%
Pete is 25% poorer than George.
