A corporation paid $7 million in federal taxes on its first $50 million of gross profits and then $30 million in federal taxes on the next $100 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 $100 million in profits?	Choose one:
A) 6% B) 14% C) 114% D) 23% E) 43%
Difference in Ratios = (30/100) - (7/50) = (8/50)   % 114%hange = (114%hange (8/50) / Original ratio (7/50)) *100 = 114%   Answer - 114%
<result>C</result>
A corporation paid $7 million in federal taxes on its first $50 million of gross profits and then $30 million in federal taxes on the next $100 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 $100 million in profits?