When Using the Ratio and Proportion Method, You Should Remember

question 11

Multiple Choice

When using the ratio and proportion method, you should remember that ____.

• A) the terms of the second ratio must be in the same sequence as those in the first ratio
• B) multiply the inside terms (means) and then the outside terms (extremes)
• C) the ratio on the right contains the known quantities and the ratio on the left includes the unknown quantity
• D) either fractions or decimals may be used in the calculation

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Definitions:

Future Sales

Predicted transactions or revenue expected to be generated through selling products or services in forthcoming periods.

Promotions

Marketing strategies aimed at increasing customer awareness, sales, and interest in a product or service.

Complementary Products

Products that are used together or enhance the value or experience of each other, leading to increased demand when sold together.

Marked Down

Refers to products that have their prices reduced, usually to encourage quick sales or clear out inventory.