Applying Ratios to Share Profit Among Three People A ratio is a comparison of two quantities that is used to indicate the relative size of the two quanti...
A ratio is a comparison of two quantities that is used to indicate the relative size of the two quantities. In this lesson, we will learn how to apply ratios to share profit among three people.
Step 1: Identify the relevant quantities.
Start by identifying the total profit you earn.
Next, identify the total amount of money each person will receive.
Step 2: Set up a ratio.
Create a ratio comparing the total profit to the total amount of money each person will receive.
For example, if you earn 16, you would create the ratio: 50 : 16.
Step 3: Interpret the ratio.
The ratio tells you that you and the other two people will receive equal shares of the total profit.
In the example above, each person will receive $16, meaning that the profit is divided equally.
Step 4: Apply the ratio to the actual amounts.
Apply the ratio to the actual amounts each person received to determine their individual shares.
For example, if each person received 16.
Example:
Let's say you earn 16 to share the profit equally.
Ratio: 50 : 16
Each person receives $16, as specified in the ratio.
Tips:
It's important to pay attention to the units of the numbers you are comparing.
If there are mixed numbers, convert them to decimals before setting up the ratio.
The ratio tells you the relative sizes of the quantities, but it does not tell you which quantity is larger or smaller