Provisions for three companies totaling $ 48 million allocated in the ratio of 8:3:1. What is the smallest amount of the provision?
This is my calculation: = 8 +3 +1 = 12
= 8x12: 3x12: 1x12
= 96: 36: 12
Provision of the smallest amount is 12 million.
=> Refer to my exercise book, the answer is 4 million. Are my calculations wrong?