Three prizes are to be distributed in a quiz contest. The value of the second prize is five-sixths the value of the first prize and the value of the third prize is four-fifths that of the second prize. If the total value of three prizes is Rs 150, find the value of each prize.
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Let the cost of the first prize = m
Thus,
Cost of second prize = 5m/6
and, cost of third prize = 4/5 × 5m/6 = 2m/3
Now, combined cost of three prizes = £150.
=> m + 5m/6 + 2m/3 = 150
=> (6m + 5m + 4m)/6 = 150
=> 15m = 6 × 150
=> m = 6 × 10
=> m = £60.
Therefore,
Cost of First prize = m = 60.
Cost of Second prize = 5m/6 = (5×60)/6 = 50.
Cost of Third prize = 2m/3 = (2×60)/3 = 40.
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