House Hunting in London

While house hunting in London, I came across a very good leasehold property Discussing the lease the landlady told me:

'The property was originally on a 99 years lease and two-thirds of the time passed is equal to four-fifths of the time to come. Now work it out for yourself and see how many years are to go!




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What does it mean?

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Three people enter a room and have a green or blue hat placed on their heads. They cannot see their own hat but can see the other hats.
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The great emperor Akbar once ruled India. He was well known for his intelligence. But along with that, he was known for the Nine Gems in his court. One of the nine gems was Birbal, a quick witted and extremely intelligent man. The stories of his wit were widely popular.

Once a king ruling in a distant land heard of Birbal. To check his wit, he sent an invitation and called him to visit his land. Akbar allowed Birbal to go and he took off on the journey.

Upon reaching that kings kingdom, he was welcomed with flowers. He was then escorted to the palace of the king. Upon entering the palace, Birbal found that there were six people sitting in front of him adorning the same robe. They were also lookalike and it was hard to judge who the real king was.

After a couple of minutes, Birbal approached one of them and bowed in front of him greeting him.

That was the real king. How did Birbal know who was the real king ?

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In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki