Government Taxes PS ?

[ndcruz]

In 1980 the government spent $12 billion for direct cash payments to single parents with dependent children. If this was 2,000 percent of the amount spent in 1956, what was the amount spent in 1956? (1 billion = 1,000,000,000)
(A) $6 million
(B) $24 million
(C) $60 million
(D) $240 million
(E) $600 million

[altin]

In 1980 the government spent $12 billion for direct cash payments to single parents with dependent children. If this was 2,000 percent of the amount spent in 1956, what was the amount spent in 1956? (1 billion = 1,000,000,000)
(A) $6 million
(B) $24 million
(C) $60 million
(D) $240 million
(E) $600 million

2,000 percent means simple 20 times 12bil/20=600 mil
like 100% of the amount measn same as 1times

[IIMAOnly]

Answer is E.

200% is $12000M
So 100% is 12000*100/2000 = 1200000/2000 = $600M