1992 AHSME Problem 2

An urn is filled with coins and beads, all of which are either silver or gold. Twenty percent of the objects in the urn are beads. Forty percent of the coins in the urn are silver. What percent of objects in the urn are gold coins?

\text{(A) } 40\%\quad \text{(B) } 48\%\quad \text{(C) } 52\%\quad \text{(D) } 60\%\quad \text{(E) } 80\%

Full credit goes to MAA for authoring these problems. These problems were taken on the AOPS website.