This quote comes from this page, with more info on resistor coding:Naming Convention
To simplify the writing of large resistor values, the abbreviations K and M are used for one thousand and one million. To keep the convention standard, R is used to represent 0. Because of problems in seeing the decimal point in some printed texts, the 3 letters: K M or R are used in place of the decimal point. Thus, a 2,700 Ohm resistor is written 2K7 and a 6.8 Ohm resistor is written 6R8.