Question

Judy and 2 friends won $145.00 at a fundraising raffle! They agreed to share the winnings equally. They received one $100 bill, four $10 bills, and five $1 bills

Answer 1

Answer:

There are 3 friends (Judy + 2 friends) who won $145.00

They want to share the winnings equally, but they got:

one $100 bill

four $10 bills

five $1 bills.

Assuming that they can share only those bills, the only way to share the winnings equally is:

Each friend gets one $10 bill

Each friend gets one $1 bill

Then each one gets $11.

And there is a surplus of:

one $100 bill (that can't be divided)

one $10 bill (that can't be divided)

two $1 bill (that can't be divided)

Then:

There is a common pool of $100 + $10 + 2*$1  = $112

And each one of the 3 friends gets $10 + $1 = $11

In the case where they can change the bills, each friend will get:

$145/3 = $48.33