Business math ratio and proportion ppt

What is an example of proportion in business math?
A proportion is a statement that two given ratios are equal.
Example: 3/4 = 6/8..
Proportion- Example
Two ratios are said to be in proportion when the two ratios are equal.
For example, the time taken by train to cover 50km per hour is equal to the time taken by it to cover the distance of 250km for 5 hours.
Such as 50km/hr = 250km/5hrs.
The business can use proportions to figure out how much money they will earn if they sell more products.
If the company sells ten products, for example, the proportional ratio is $25.00:10, which shows that for every ten products, the business will earn $25.
When working with money and shopping, ratios & proportions are used.
They're also used to compare different numbers.

A ratio is the comparison of two numbers written as a fraction. For example: Your school's basketball team has won 7 games. and lost 3 games.

How can we apply proportion?

We can apply proportion to know and compare the price of every item sold in the market, or a piece of share in an inheritance and many others.
To begin with, let us refresh your mind on the concept of ratio which is very essential in your learning on different kinds of proportion.
Let’s take a look on it.

Prorating

Ratios and proportions are commonly used in various business applications.
But there will be numerous situations where your business must allocate limited funds across various divisions, departments, budgets, individuals, and so on.
In the opener to this section, one example discussed the splitting of profits with your business partner, where you m.

What is a ratio in math?

A RATIO is comparison of two numbers or measurement.
The terms of the ratio are the numbers or measurements being compared.
The expression 1:2 (read as “one is to two”), 1⁄2, 1÷2, indicate ratios.
We are comparing the relationship between 1 and 2.

What Is A Ratio?

A ratiois a fixed relationship between two or more quantities, amounts, or sizes of similar or different nature.
For a ratio to exist, all terms involved in the ratio must be nonzero.
Examine the criteria of this definition more closely:.
1) There Must Be Two or More Quantities.
A ratio does not exist if only one quantity is involved.
For example, t.

What is partitive proportion?

3.
Partitive Proportion.
A whole is divided into parts that is proportioned into equal or unequal ratios. ‘Situations that 1.
Dividing inheritance to children. illustrates 2.
The number of men and women who attended a partitive seminar. proportion’ 3.
Allotment of salary into different expenses.

What is an example of a ratio?

For example, if the recipe called for four parts of flour to one part of sugar to two parts of chocolate chips, the ratio is 4 : 1 : 2

The fraction, decimal, and percent forms do not work with three or more terms

When a ratio is used to express a relationship between different variables, it must be easy to understand and interpret