Third number be X.
first number = X × (60%)
⇒ X × (60/100)
⇒ X × (3/5)
⇒ 3X/5
second number = X × (50%)
⇒ X × (50/100)
⇒ X × (1/2)
⇒ X/2
Percentage difference ={(3X/5 - X/2)/X/2} × 100
= {(X/10)/(X/2)} × 100
⇒ (2/10) × 100
⇒ 20%
Alternate method
Let the third number be 100.
first number = 100 - 40
⇒ 60
second number = 100 - 50
⇒ 50
Increase in number = 60 - 50
⇒ 10
Percentage Difference = {(Increase in value)/Original value} × 100
⇒ (10/50) × 100
⇒ 20%