In a writing competition, the first-place winner receives ½ of the prize money. The second runner up receives ¼ of what the winner won. What was the total amount of prize money distributed if the winner receives Rs. 6,000 ?
Answers
Given : , the first-place winner receives ½ of the prize money. The second runner up receives ¼ of what the winner won. winner receives Rs. 6,000
To find : the total amount of prize money distributed
Solution:
Let say Prize money = P
The first-place winner receives ½ of the prize money.
=> 1st Place winner received = P/2
winner receives Rs. 6,000
=> P/2 = 6000
=> P = 12000 Rs
=> the total amount of prize money distributed = Rs 12000
second runner up receives ¼ of what the winner won = 6000/4 = 1500
=> first runner up received = 12000 - 6000 - 1500 = 4500 Rs
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