Two metrics are equivalent 

if they give rise to the same topology. So you need

to show that if a set is open in the topology induced by the metric, then it is also
open in the topology induced by the metric, and vice-versa.
Definition (Equivalent Metric) :- Suppose X≠∅ is a set. Let, d and d' be two metrics on X. We say, d and
d' are equivalent if T(d)=T(d') ...  Two metrics are equivalent if they define the same open sets

Equivalent Metrics. Two metrics g_1 and g_2 defined on a space X are called equivalent if they
induce the same metric topology on X . This is the case iff, ...

A metric consists of a function d(x,y)d(x,y) and a set XX from which we may choose x,yx,y.

This set is missing in the question.
Lets assume that X=RX=R is intended.
The function needs X×XX×X as its domain and [0,∞)[0,∞) as its codomain.
All you need to do is check the three criteria:

 d(x,y)=0⇔x=yd(x,y)=0⇔x=y
 d(x,y)=d(y,x)d(x,y)=d(y,x)
 d(x,y)≤d(x,z)+d(z,y)d(x,y)≤d(x,z)+d(z,y)
For all values x,y,z∈Xx,y,z∈X.
The first two criteria are easily checked. For the last one you need a bit more ingenuity.
Which I’ll gladly leave to you, since it is your exercise to finish.

A metric consists of a function d(x,y)d(x,y) and a set XX from which we may choose x,yx,y.

This set is missing in the question.
Lets assume that X=RX=R is intended.
The function needs X×XX×X as its domain and [0,∞)[0,∞) as its codomain.
All you need to do is check the three criteria:

 d(x,y)=0⇔x=yd(x,y)=0⇔x=y
 d(x,y)=d(y,x)d(x,y)=d(y,x)
 d(x,y)≤d(x,z)+d(z,y)d(x,y)≤d(x,z)+d(z,y)
For all values x,y,z∈Xx,y,z∈X.
The first two criteria are easily checked. For the last one you need a bit more ingenuity.
Which I’ll gladly leave to you, since it is your exercise to finish.

A metric consists of a function d(x,y)d(x,y) and a set XX from which we may choose x,yx,y.

This set is missing in the question.
Lets assume that X=RX=R is intended.
The function needs X×XX×X as its domain and [0,∞)[0,∞) as its codomain.
All you need to do is check the three criteria:

 d(x,y)=0⇔x=yd(x,y)=0⇔x=y
 d(x,y)=d(y,x)d(x,y)=d(y,x)
 d(x,y)≤d(x,z)+d(z,y)d(x,y)≤d(x,z)+d(z,y)
For all values x,y,z∈Xx,y,z∈X.
The first two criteria are easily checked. For the last one you need a bit more ingenuity.
Which I’ll gladly leave to you, since it is your exercise to finish.