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A corporation that had $115.19 billion in profits for the

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Intern
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A corporation that had $115.19 billion in profits for the [#permalink] New post 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
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Re: Parts of Numbers - Q2 [#permalink] New post 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
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 [#permalink] New post 09 Jul 2007, 10:17
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%
  [#permalink] 09 Jul 2007, 10:17
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A corporation that had $115.19 billion in profits for the

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