^pretty clever. But thats only if you noticed that 1.68 is a multiple of 84 when you multiply it by 100.
If you didn't, you could just rely on the fact that rough approximations are okay on the MCAT.
I'd round 1.68 up to 2. Then you'd get 2/84 = 1/42. Keep in mind that this value is slightly larger than actual (since you rounded up). Then I'd round 42 down to 40 to kind of make up for the previous rounding up (there's no way to tell which rounding affected your answer the greatest, but it doesn't matter. you just want a ballpark answer).
So you now have 1/40 which is the same as (1/4)/10 or .25/10 --> .025. The other answer choices will probably be like .09 or something. So .025 is close enough.
This might seem complicated but, in situations where you can't do the neat little trick the guy above me just did, this could be a HUGE time saver over doing the full out long division.