2 friends purchased a Keno ticket at the hotel. Steve Paid $2 and Amy Paid $3. They agreed to split the winnings based on how much each person contributed. When they watched their games, they realised they had won $75,000. How much would they each Receive?
To find out how much each person would receive, we first need to calculate the total amount contributed by both Steve and Amy, which is $2 + $3 = $5.
Next, we need to determine the percentage of the total contribution made by each person.
To do this, we divide the amount contributed by each person by the total amount contributed:
Steve's percentage = $2 ÷ $5 = 0.4 or 40%
Amy's percentage = $3 ÷ $5 = 0.6 or 60%
Finally, we multiply each person's percentage by the total winnings of $75,000 to determine how much they would receive:
Steve's share = 0.4 x $75,000 = $30,000
Amy's share = 0.6 x $75,000 = $45,000
Therefore, Steve would receive $30,000 and Amy would receive $45,000.
Is the answer that Steve would receive $30,000 and Amy would receive $45,000??????
oh ye it would be
To determine how much each person would receive, we need to calculate the proportion of the winnings that each person is entitled to based on their contributions.
First, let's find the total amount contributed by both Steve and Amy:
Total amount contributed = Steve's contribution + Amy's contribution
Steve = $2
Amy = $3
Total amount contributed = $2 + $3
Total amount contributed = $5
Now, let's calculate the proportion of the winnings that each person is entitled to:
Steve's proportion = (Steve's contribution / Total amount contributed) * Total winnings
Amy's proportion = (Amy's contribution / Total amount contributed) * Total winnings
Steve's proportion = ($2 / $5) * $75,000
Amy's proportion = ($3 / $5) * $75,000
Calculating the above equations will give us the amount each person will receive.