Question

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

Answer 1

Answer:

$\frac{5}{81}$

Step-by-step explanation:

Given:

Profit = $1500 million

Revenue = $24,300 million

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

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

$\frac{1500 million}{24,300 million}$

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

$\frac{1500}{24,300}$  

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

$\frac{15}{243}$

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

$\frac{5}{81}$

Since no further division can be done, then the profit to revenue is in its lowest terms as $\frac{5}{81}$