Ratio how does it work

You can practice your ratio skills by Making Some Chocolate Crispies. Example: A Recipe for pancakes uses 3 cups of flour and 2 cups of milk. The ratio is still the same, so the pancakes should be just as yummy. Divide both, and you discover that the quotients are not equal. Therefore, these two ratios are not equal. Are and equal ratios? You can also use decimals and percents to compare two quantities. Here is a chart showing the number of goals made by five basketball players from the free-throw line, out of shots taken.

Each comparison of goals made to shots taken is expressed as a ratio, a decimal, and a percent. They are all equivalent, which means they are all different ways of saying the same thing. What is a Ratio? Ratios describe how to share out a given amount and are written with numbers separated by colons.

The amount of numbers in the ratio tells us how many groups the quantity is being shared between. The size of each number tells us the proportion of the total amount each group gets. Because there are two numbers, we are sharing an amount between two people. This ratio means that for every 1 part that the person on the left gets, the person on the right gets 3.

Organizations can compare labor costs to total revenue to determine whether they should increase or decrease labor costs. They can also use the staff turnover ratio to help determine employee satisfaction.

People are more likely to work in places where they feel they are appreciated, well-compensated and supported. They would find the staff turnover ratio by comparing the number of employees who left to the total number of staff.

You can use ratios to determine the rate that products are being returned. This ratio can give you insight into products that are faulty or don't meet customer expectations. It can also help determine patterns of returns and what items need to be redesigned or discontinued.

To find the product return ratio, compare the number of items that were returned over a period of time to the total sales over that same time.

Here's an example of using a ratio in the workplace:. You want to find out the ratio of employees who are not meeting their KPIs. There are employees and five aren't meeting the KPIs. Find jobs. Company reviews.

Find salaries. Upload your resume. Sign in. Career Development. Business uses for ratios. Cash flow and liquidity. Financial risk and return.