ECONOMICS

Detailed explanation-1: -A proportion is an equality of two ratios. We write proportions to help us establish equivalent ratios and solve for unknown quantities.

Detailed explanation-2: -How are Two Ratios Compared? By finding the LCM of the consequents of both the ratios, divide the LCM with the consequents, and finally, multiply both the numerator and the denominator of both the ratios with the answer to find out the compared ratio. For example, if the ratio is 6:8 and 5:9.

Detailed explanation-3: -Ratios compare two numbers, usually by dividing them. If you are comparing one data point (A) to another data point (B), your formula would be A/B. This means you are dividing information A by information B. For example, if A is five and B is 10, your ratio will be 5/10.

Detailed explanation-4: -Ratios are used to compare quantities. Ratios help us to compare quantities and determine the relation between them. A ratio is a comparison of two similar quantities obtained by dividing one quantity by the other.

Detailed explanation-5: -What are Equivalent Ratios? In math, the definition of the equivalent ratio states that “Two or more ratios that express the same relation or comparison of numbers are known as equivalent ratios.” It is similar to the concept of equivalent fractions.