A corporation that had $120 billion in profits for the year paid out $200 million in employee benefits. Approximately what percent of the profits were the employee benefits? (Note: 1 billion = 10^9) Select the correct option
A) 50 % B) 20 % C) 5 % D) 4 % E) 0.17 %

Rationale: "required answer = [ employee benefit / profit ] * 100 = [ ( 200 million ) / ( 120 billion ) ] * 100 = [ ( 200 * 10 ^ 6 ) / ( 120 * 10 ^ 9 ) ] * 100 = ( 1.7 / 1000 ) * 100 = 0.17 % so answer is ( e )"
Answer: E