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A corporation that had $115.19 billion in profits for the ye

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A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 19 Feb 2014, 01:14
00:00
A
B
C
D
E

Difficulty:

  35% (medium)

Question Stats:

66% (02:44) correct 34% (01:20) wrong based on 815 sessions

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The Official Guide For GMAT® Quantitative Review, 2ND Edition

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? (Note: 1 billion = 10^9)

(A) 50%
(B) 20%
(C) 5%
(D) 2%
(E) 0.2%

Problem Solving
Question: 101
Category: Arithmetic Percents; Estimation
Page: 74
Difficulty: 550


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Re: A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 19 Feb 2014, 01:15
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SOLUTION

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? (Note: 1 billion = 10^9)

(A) 50%
(B) 20%
(C) 5%
(D) 2%
(E) 0.2%

We should find the value of \(\frac{230.10*10^6}{115.19*10^9}\approx{\frac{230*10^6}{115*10^9}}=2*10^{-3}=0.002=0.2%\).

Answer: E.
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Collection of Questions:
PS: 1. Tough and Tricky questions; 2. Hard questions; 3. Hard questions part 2; 4. Standard deviation; 5. Tough Problem Solving Questions With Solutions; 6. Probability and Combinations Questions With Solutions; 7 Tough and tricky exponents and roots questions; 8 12 Easy Pieces (or not?); 9 Bakers' Dozen; 10 Algebra set. ,11 Mixed Questions, 12 Fresh Meat

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Re: A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 19 Feb 2014, 03:05
1
Option E.
1 billion=1000 million
=>we've to calculate,(230/115000)*100
Approx=0.2%
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Re: A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 19 Feb 2014, 21:25
1
required answer = [employee benefit/profit] *100
=[(230.10 million)/(115.19 billion)]*100
=[(230.10*10^6)/(115.19*10^9)]*100
=(2/1000)*100
=0.2%

So answer is (E)
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Re: A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 11 Jul 2014, 02:42
\(\frac{230.10 * 10^6}{115.19 * 10^9} * 100\)

\(= \frac{2}{10} = 0.2%\)

Answer = E
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Re: A corporation that had $115.19 billion in profits for the ye [#permalink]

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New post 07 Sep 2017, 16:32
Bunuel wrote:
The Official Guide For GMAT® Quantitative Review, 2ND Edition

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? (Note: 1 billion = 10^9)

(A) 50%
(B) 20%
(C) 5%
(D) 2%
(E) 0.2%


We can create the following expression:

230,100,000/115,190,000,000

(2,301)/(1,151,900) ≈ 2,000/1,000,000 = 2/1,000 = 0.002 = 0.2%

Answer: E
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Re: A corporation that had $115.19 billion in profits for the ye   [#permalink] 07 Sep 2017, 16:32
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