Check the picture below
hmmm so, notice the arrows, if we simply multiply top and bottom of one fraction by the other's denominator, we end up with two fractions, with the same denominator
now, what can be between 49/56 and 24/56
well, 25/56, or 26/56 or 48/56 or 39/56 and so on
once the denominators are the same, is just a matter of which numerator is larger or smaller, to see who is who
If you would like to know how much profit on each share did he make, you can calculate this using the following steps:
$12,000 / $8 = 1,500 shares
$15,000 / 1,500 shares = $10 per share
x% of $8 is $10
x/100 * 8 = 10 /*100/8
x = 10 * 100 / 8
x = 125%
125% - 100% = 25%
Miguel made 25% ($2) profit on each share.
75 cents = $0.75
1 day = 24 h
$0.75 · 24 = $18
<span>Answer: 75 cents/h = </span><span>18 dollars/day </span>
The correct answer in this case would be A. There is only 1/8th percent chance of the spinner landing on 4.