Correct option is D
Cutback asphalts generally consist of about 85 percent asphalt cement and 15 percent cutter, by weight.
Since the specific gravity of asphalt is very close to 1.0, this works out to about 85 percent asphalt cement and 15 percent cutter by volume.
Asphalt emulsions generally consist of about two-thirds asphalt cement, with the remainder being water and emulsifier.
