Answer :
Final answer:
The proportion of return transactions out of the total transactions (returns and sales) is 20 out of 70, which is 20/70. Option a is correct
Explanation:
The question asks, If there are 20 return transactions and 50 sales transactions, what is the proportion of return transactions? To find the proportion of return transactions, we combine the total number of transactions (both return and sales transactions) and then calculate the fraction of transactions that are returns. The total transactions are 20 returns plus 50 sales, giving us 70 transactions in total. Therefore, the proportion of return transactions is 20 out of 70, which is option 1) 20/70.
The importance of understanding proportions and ratios in real-life scenarios, such as business transactions, is highlighted in this example. Knowing how to calculate and interpret these figures can offer insights into the performance and health of a business or any similar context.
Option a is correct
