You bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for
winning your bet in the race.
$74
$84
$91
$80
1 answer:
Answer:
$84
Step-by-step explanation:
12:1 means for every dollar you bet you will win 12
so 7 x 12 = 84
you would win $84, you bet 7 so net profit would be 84-7 = $77
Net profit is $77
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