Question: A sports event has a total prize pool of $5,000. If the first place gets 50% of the prize pool, how much does the first place winner receive?
Options:
$2,500
$3,000
$2,000
$1,500
Correct Answer: $2,500
Solution:
50% of $5,000 is $2,500.
A sports event has a total prize pool of $5,000. If the first place gets 50% of
Practice Questions
Q1
A sports event has a total prize pool of $5,000. If the first place gets 50% of the prize pool, how much does the first place winner receive?
$2,500
$3,000
$2,000
$1,500
Questions & Step-by-Step Solutions
A sports event has a total prize pool of $5,000. If the first place gets 50% of the prize pool, how much does the first place winner receive?
Step 1: Understand that the total prize pool is $5,000.
Step 2: Know that the first place winner gets 50% of the total prize pool.
Step 3: Calculate 50% of $5,000. To do this, you can multiply $5,000 by 0.50.
Step 4: Perform the multiplication: $5,000 * 0.50 = $2,500.
Step 5: Conclude that the first place winner receives $2,500.
Percentage Calculation – Understanding how to calculate a percentage of a total amount.
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