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# A corporation that had $115.19 billion in profits for the  post reply Question banks Downloads My Bookmarks Reviews Important topics Author Message Director Joined: 10 Feb 2006 Posts: 656 Followers: 3 Kudos [?]: 515 [0], given: 0 A corporation that had$115.19 billion in profits for the [#permalink]

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04 May 2008, 09:53
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

A corporation that had $115.19 billion in profits for the year paid out$230.10 million in employee benefits. Appox what percent of the profits were the employee benefits?
(1 billion = 10 ^ 9)

230.10 * 10 ^ 6/ 115.19 * 10 ^ 9

230.10/115.19 is apporx 2

2/1000 = .002 /100 = .2 percentage. Answer

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Joined: 20 Feb 2008
Posts: 797
Location: Texas
Schools: Kellogg Class of 2011
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Kudos [?]: 147 [0], given: 9

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04 May 2008, 10:47
I would put the numbers over one another in a fraction and cancel out zeros. You are left with 2,301 / 115,190. I think it's easier not to use scientific notation to solve. However, you get the same answer so use whichever method works for you.
Re: gmatprep - OG   [#permalink] 04 May 2008, 10:47
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# A corporation that had \$115.19 billion in profits for the

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