The number of literates in village C in 2008 was 1500 more than the number of illiterates. Find the percentage change in literate population of village C in 2012 if the number of illiterates in 2012 decreases by 500 as compared to 2008.

• A. 150%
• B. 122.23%
• C. 166.67%
• D. 183.34%
• E. 133.34%