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19 Feb 2014, 00:15
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 $$\frac{230.10*10^6}{115.19*10^9}\approx{\frac{230*10^6}{115*10^9}}=2*10^{-3}=0.002=0.2%$$.

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19 Feb 2014, 20:25
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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%

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06 Jun 2014, 02:29
((23.010x10^7)/(115,19*10^9))x10^2 = you can cancel out all powers of 10 --> 23/115 = 1/5 = 0,2 %

$\frac{23.010*10^{7}}{115.19*10^9{}}*10^2{}=\frac{1}{5}=0.2%$
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24 Jul 2015, 10:22
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Re: A corporation that had $115.19 billion in profits for the ye [#permalink] ### Show Tags 26 Aug 2016, 07:46 Hello from the GMAT Club BumpBot! Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos). Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email. _________________ Re: A corporation that had$115.19 billion in profits for the ye   [#permalink] 26 Aug 2016, 07:46
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