Hi there
Using equivalent ratios to help operate a business is useful for financial ratios.
There are common size ratios, liquidity ratios, efficiency ratios, and solvency ratios.
Ratios are used to let us compare one item to another. (For example, comparing 1 teacher to 25 students, or 1:25)
Did you have any answers to chose from? I just figured I'd provide you with what I knew about this subject to help in case there were no options to chose from.
In the given problem there are several known and important facts to take note of. Firstly the restaurant bill without tax and tips is $28.35. Then the tax of 6.25% needs to be added with the bill. Also a tip of 20% on the original bill needs to be added to find the total cost.
Then tax on the restaurant bill = (6.25/100) * 28.35
= 1.77
So the tax on the restaurant bill is $1.77
Amount of tips given = 28.35 * (20/100)
= 5.67
Amount of tips paid is $5.67
Total cost paid in the restaurant = ( 28.35 + 1.77 + 5.67) dollars
= 35.79 dollars
For example, x/2 - x/3 = 1 => (3x)/6 - (2x)/6 = 6/6 => 3x - 2x = 6 => x = 6;
That’s false because two lines are to short so it’s false