Al the Chemist I

This is a relatively simple problem from the inventive Raymond Smullyan in the “Brain Bogglers” section of the 1996 Discover magazine.

“AL THE CHEMIST—not an alchemist, though his name might suggest it­—one day partially filled a container with some concoction or other. He knew the volume of fluid in the container, as well as the volume of empty space, and real­ized that two-thirds of the former was equal to four-fifths of the latter. Was the container then less than half full, more than half full, or exactly half full?”

See Al the Chemist I