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12 August, 07:36

3. A sum of $2700 is to be given in the form of 63 prizes. If the prize is of either $100 or $25, find the number of prizes of each type.

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  1. 12 August, 09:06
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    There has to be a total of 63 boxes each with a prize in them.

    There are two types of prizes: The first type is $25 and second type is $100.

    If you make all the prizes $100, you will only end up with 27 prizes. ($2700 / 100), which is too little.

    If you make all the prizes $25, you will only end up with 108 prizes ($2700 / 25), which is too way many.

    The answer has to be combination of prizes More $25 prizes will have an outcome of more prizes in total.

    More $100 prizes will have an outcome of less prizes in total.

    The answer would come out to

    48 prizes of $25 each ($1200)

    15 prizes of $100 each ($1500)

    which adds to the full amount of $2700 with 63 prizes.
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