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Business Mathematics in Canada, 4/e

F. Ernest Jerome

Ratios and Proportions

Below are the key terms featured in this chapter. Clicking on a term will reveal its definition. The textbook's full glossary is also available for online searching.

Equivalent ratio	A ratio obtained from another ratio by multiplying each term by the same number, or by dividing each term by the same number. (See page 94.)



Exchange rate	(between two currencies) The amount of one currency required to purchase one unit of the other currency. (See page 115.)



Lowest terms	(of a ratio) The equivalent ratio having the smallest possible integers for its terms. (See page 94.)



Proportion	A statement of the equality of two ratios. (See page 100.)



Proration	A procedure in which an amount is subdivided and allocated on a proportionate basis. (See page 109.)



Ratio	A comparison, by division, of the relative size of two or more quantities. (See page 94.)



Terms of a ratio	The numbers being compared in the ratio. (See page 94.)

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