Fixed profit and loss ratios can be expressed as proportions, fractions, or percentages. For each of the following proportions, determine the equivalent fractions or percentages: (Round percentages to 2 decimal places, e.g. 12.25%.) oportions Fractions 1:2 7:4 3:8 4:2:1 2:1:1 Proportions Percentages (a) 1:2 do % & (b) 7:4 do % & (c) 3:8 % & (d) 4:2:1 % & (e) 2:1:1 % & & & & & & % % do do % di % & 9 do % & 10