Question

A corporation reported profits of approximately ​$600 million with approximately ​$11 million in revenues. Compare the profit to revenue by writing as a fraction in lowest terms.

Answer 1

For every $55 revenue, $3 is profit

Explanation:

A corporation reports profit of 600,000,000

Revenue of 11,000,000,000

Therefore comparing the revenue to profit can be calculated as follows

= 600,000,000/11,000,000,000

= 6/110

= 3/55

Hence for every $55 revenue $3 out of it is the profit