Question

In a lottery, 4% of the tickets printed can be redeemed for prizes and 4% of those tickets have values in excess of $100. If the state prints 400 tickets how many of them can be redeemed for more than $100?

Answer 1

Answer:

0.64 or we can say 1 ticket can be redeemed for more than $100.

Step-by-step explanation:

Consider the provided information.

It is given that 4% of the tickets printed can be redeemed for prizes.

The state prints 400 tickets.

Now find the 4% of 400 that will gives us the number of ticket printed can be redeemed for prize.

$400\times\frac{4}{100=4\times4=16}$

Thus, 16 tickets printed can be redeemed for prize.

Now we need to calculate the number of tickets that can be redeemed for more than $100.

It is given that 4% of those tickets have values in excess of $100.

$16\times\frac{4}{100}=0.64$

Hence, 0.64 or we can say 1 ticket can be redeemed for more than $100.