Five destitute college students decided to band together in an effort to win the
ID: 3011587 • Letter: F
Question
Five destitute college students decided to band together in an effort to win the loterry. Each student bought as many tickets as they could afford and pooled them together into one pot to share the winnings. Any winnings wouls be split according to the number of tickets each had purchased. Valentin bought 55 tickets, Mark bought 20, Raul 85, Julio 110 and Adam 4. After the numbers were drawn there were four winning tickets in the pot: i: 2 tickets winning $25.00 each ii: 1 ticket winning $25,000.00 iii. 1 ticket winning $1,500,000.00 How much should each receive from the winnings?
Explanation / Answer
valentien bought tickets 55
mark bought tickets 20
rahul bought tickets 85
Julio bought tickets 110
Adem bought tickets 4
Total tickets are 55+20+85+110+4=274
Total prize mony won is ( 4tickets) 25+25+25000+1500000= 1525050 Dollars
Valentien share is (1525050/274)*55 = 306123.1751824817 dollars
Mark share is (1525050/274)*20 = 111317.51824817 dollars
Rahul share is (1525050/274)*85= 473099.4525547 dollars
Julio share is (1525050/274)*110 = 612246.350364 dollars
Adam share is (1525050/274)*4 = 22263.503649 dollars
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