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19 Feb 2014, 01:14
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Difficulty:

35% (medium)

Question Stats:

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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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19 Feb 2014, 03:05
1
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Option E.
1 billion=1000 million
=>we've to calculate,(230/115000)*100
Approx=0.2%

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22 Feb 2014, 05:57
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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11 Jul 2014, 02:42
$$\frac{230.10 * 10^6}{115.19 * 10^9} * 100$$

$$= \frac{2}{10} = 0.2%$$

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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%

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