Quantative methods problem

Question

How do I compare and write a fraction in simpliest form of a profit of 2400 million and revenue of 55600 million ?

Answer 1

by definition: Profit equals Total Revenue minus Total Cost

P= R-C = $2,400,000,000 = $55,600,000,000 - Cost

C = 55,600-2,400 = 53,200 in million dollar units

C= 55.6-2.4 = 53.2 in billion dollar units

Cost = $53,200,000,000= 53.2 billion dollars

but, for some reason, you're asking for a fraction, so

2400 million over 55600 million

= 2.4/55.6

=24/556

= 6/139 = profit/revenue ratio