Answer:
Step-by-step explanation:
Given:
Profit = $1500 million
Revenue = $24,300 million
Profit to Revenue = [Since they both have same unit ($), this sign can be omitted]
<em>Now let's reduce the ratio above to its lowest terms...</em>
[First, the millions at the numerator and denominator cancel out]
[Next, the two zeros at the numerator and denominator cancel out]
[Next, divide both the numerator and denominator by 3]
Since no further division can be done, then the profit to revenue is in its lowest terms as
Reduce each ratio to its minimum expression to find if they are equal.
35:28
10:8
Since both ratios reduce to 5:4, they are equivalent.
Another way to check a:b is equivalent to c:d, is that a*d = b*c
In this case, this will be true if 35 times 8 is equal to 10 times 28:
Since both products are equal, then the ratios are equivalent.