A corporation that had $115.19 billion in profits for the year paid out $250.10 million in employee benefits. Approximately what percent of the profits were the employee benefits? (Note: 1 billion = 10^9) Choose the correct choice from the following answers.
A) 50 % B) 20 % C) 5 % D) 2 % E) 0.22 %

Rationale: "required answer = [ employee benefit / profit ] * 100 = [ ( 250.10 million ) / ( 115.19 billion ) ] * 100 = [ ( 250.10 * 10 ^ 6 ) / ( 115.19 * 10 ^ 9 ) ] * 100 = ( 2.2 / 1000 ) * 100 = 0.22 % so answer is ( e )"
Answer: E