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# A corporation that had $115.19 billion in profits for the  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Intern Joined: 30 May 2005 Posts: 18 Followers: 0 Kudos [?]: 0 [0], given: 0 A corporation that had$115.19 billion in profits for the [#permalink]  08 Jul 2007, 17:20
A corporation that had $115.19 billion in profits for the year paid out$230.10 million in employee benefits. Approximately what percent of the profits were the employee benefits? (1 billion = 10^9)

a) 50%
b) 20%
c) 5%
d) 2%
e) .2%
Director
Joined: 08 Jun 2007
Posts: 584
Followers: 2

Kudos [?]: 79 [0], given: 0

Re: Parts of Numbers - Q2 [#permalink]  08 Jul 2007, 19:41
this should be guessed rather calculated..anways

should be (230.10 * 10^-3 /115.19 ) * 100 = 0.2%
Senior Manager
Joined: 04 Jun 2007
Posts: 374
Followers: 1

Kudos [?]: 22 [0], given: 0

just approximate the numbers in the numerator and denominator.

since the set- up is

(230.10 x 10^6/ 115.19 x 10^9) * 100

write it as such

(230/115)* (1/1000)* (100)
= 2 * (1/10)
= 0.2%
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