A business bought 500 lamps for $10,000. They want to mark them up 25%. What is the retail price of each lamp?
1 answer:
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Answer:
Step-by-step explanation:
In other words, carl's losing odds are 7 : 5, so his winning odds will be 5 : 7
So if they play (7+5=12) 12 times, carl will win 5 times.
To find probability that carl will beat his friend, we take the probability of Carl winning. Simple!
The probability is 5/ 12