What is a Ratio?
A ratio is the relationship which one quantity bears to another with regard to magnitude. Thus, the relationship of N5 to N7 may be expressed in the form 5 : 7, expressed as 5 is to 7.
A ratio can only exist between quantities of the same kind; we cab however, obtain a ratio between 12 kobo and N2 by reducing naira to kobo.
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Somtochukwu
Visionary Leader and Development Economist in Nigeria. CEO at Bufiredd Economic Consults Ltd
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