In a competition, the amount of prize money for the first position is 5 by 3 of that for the second position. The prize amount for the third position is 4 by 7 of that for the second position. If the total amount of prize money is 6,800, find the prize amounts for each of the three positions
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Let the amount for the second position be x.
Then prize for first position = 5x /3
Prize for second position = x
Prize for third position = 4x / 7
Since total prize money is 6800 ,
5x / 3 + x + 4x / 7 = 6800
( 5x * 7 + 21 * x + 4x * 3 ) / 21 = 6800
( 35x + 21x + 12x ) / 21 = 6800
68x / 21 = 6800
x = 6800 / 68 * 21
x = 2100
Therefore the prizes are :-
First prize = 5x / 3. = 3500
Second prize = x = 2100
Third prize = 4x / 7 = 1200
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