The monthly budget for the front of the house is $9,000. You spent 6% of the budget on fresh flowers. How much did you spend on
2 answers:
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You changed the mixed numeral into a fraction correctly.
Now you need to multiply the fractions.
Multiply the numerators together, and multiply the denominators together.
Now we could multiply out the numerator and denominator, and then we'd need to reduce the fraction, but before we multiply, we see there is a factor of 5 both in the numerator and in the denominator, so we can reduce before we multiply.
Answer:
-$2.32
Step-by-step explanation:
Give that
The selling price per ticket is $9
And the number of tickets sold is 500
So,
There is one grand prize, three $300 second prize, and eleven $40 third prizes
We need to find out the expected value of the profit
= 4 + 1.8 + 0.88
= 6.68
Now the expected profit is
= $6.68 - $9
= -$2.32