The ratio will vary, depending on the brand and color.
When airbrushing, I've been told that you want the paint to be the consistencey of milk. I've always found that to be a little vague, so here's what I do - after mixing the paint about 50/50 w/ thinner, I stick a toothpick in the paint, and drag some up the side of the color cup. If 90% of the pigment runs right back down into the cup, then I know it's just about right. too thin, more paint. Too thick, more thinner.
Your milage may vary, of course. I always test on an index card before putting any paint on the model.