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A corporation reported profit of approximately $1500 million with approximately $24,300 million in revenues. Compare the profit to revenue by writing as a fraction in the lowest terms

User Simon Xu
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3 votes

Answer:


(5)/(81)

Explanation:

Given:

Profit = $1500 million

Revenue = $24,300 million

Profit to Revenue =
(1500 million)/(24,300 million) [Since they both have same unit ($), this sign can be omitted]

Now let's reduce the ratio above to its lowest terms...


(1500 million)/(24,300 million)

[First, the millions at the numerator and denominator cancel out]


(1500)/(24,300)

[Next, the two zeros at the numerator and denominator cancel out]


(15)/(243)

[Next, divide both the numerator and denominator by 3]


(5)/(81)

Since no further division can be done, then the profit to revenue is in its lowest terms as
(5)/(81)

User Saebekassebil
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