(b) Percentage of energy saved is
$\frac{\frac{1}{2}mv^{2} \times 100}{\frac{1}{2}mv^{2} + mgh} = \frac{v^{2} \times 100}{v^{2} + 2gh}$
$ie,\ = \frac{12 \times 12 \times 100}{12 \times 12 + 2 \times 10 \times 12}$
$= \frac{14400}{144 + 240} = \frac{14400}{384} = 37.5$