Answer:
[tex]\frac{5}{81}[/tex]
Step-by-step explanation:
Given:
Profit = $1500 million
Revenue = $24,300 million
Profit to Revenue = [tex]\frac{1500 million}{24,300 million}[/tex] [Since they both have same unit ($), this sign can be omitted]
Now let's reduce the ratio above to its lowest terms...
[tex]\frac{1500 million}{24,300 million}[/tex]
[First, the millions at the numerator and denominator cancel out]
[tex]\frac{1500}{24,300}[/tex]
[Next, the two zeros at the numerator and denominator cancel out]
[tex]\frac{15}{243}[/tex]
[Next, divide both the numerator and denominator by 3]
[tex]\frac{5}{81}[/tex]
Since no further division can be done, then the profit to revenue is in its lowest terms as [tex]\frac{5}{81}[/tex]
