I tried to answer this question:
What is the ratio of the areas of △$PST$ and quadrilateral $STRQ$ if $∠1\cong ∠2$
Since $∠1\cong ∠2$, △$PST\sim$ △$PQR$. And since the two triangles are similar, the ratio of their areas is $\frac{1}{25}$. The area of the whole triangle is 1, so the area of quadrilateral $STRQ$ is $1-\frac{1}{25}=\frac{24}{25}$. The ratio between the two areas now is $\frac{\frac{1}{25}}{\frac{24}{25}}=\frac{1}{24}$.
Is my answer correct?

That's exactly right.
The areas of similar polygons -- similar two-dimensional shapes, really -- scale as the square of a characteristic length, like a side, or a perimeter.
(Extending this, if you had similar solids in three dimensions, the volume would scale as the cube of a characteristic length.)