A corporation paid $8 million in federal taxes on its first $50 million of gross profits and then $30 million in federal taxes on the next $150 million in gross profits. By approximately what percent did the ratio of federal taxes to gross profits increase from the first $50 million in profits to the next $150 million in profits?  Choose the correct answer
A) 6% B) 14% C) 20% D) 23% E) 86%
Difference in Ratios = (30/150) - (8/50) = (6/50)   % Change = (Change (6/50) / Original ratio (7/50)) *100 = 86%   Answer - 86%
<result>E</result>
A corporation paid $8 million in federal taxes on its first $50 million of gross profits and then $30 million in federal taxes on the next $150 million in gross profits. By approximately what percent did the ratio of federal taxes to gross profits increase from the first $50 million in profits to the next $150 million in profits?