Quantitative Aptitude Percentage

The income of X is 12% more than that of Y. By how much per cent is Y's income less than that of X? 

1
\(10\frac{4}{7}\%\)
2
\(10\frac{3}{7}\%\)
3
\(10\frac{5}{7}\%\)
4
\(10\frac{2}{7}\%\)

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