Given:
- \( x = 5% \) of \( y \):
\[
x = 0.05y
\]
- \( y = 24% \) of \( z \):
\[
y = 0.24z
\]
Since \( x = 480 \), substituting in the first equation:
\[
480 = 0.05y
\]
\[
y = \frac{480}{0.05} = 9600
\]
Now, solving for \( z \):
\[
9600 = 0.24z
\]
\[
z = \frac{9600}{0.24} = 40000
\]
Thus, the correct answer is \( y = 9600, z = 40000 \).