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A contest awards 4 prizes of $250 each. If the total cost of the prizes is $1000

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Question: A contest awards 4 prizes of $250 each. If the total cost of the prizes is $1000, how much is each prize?

Options:

  1. $200
  2. $250
  3. $300
  4. $400

Correct Answer: $250

Solution: 

Each prize = $1000 / 4 = $250.

A contest awards 4 prizes of $250 each. If the total cost of the prizes is $1000

Practice Questions

Q1
A contest awards 4 prizes of $250 each. If the total cost of the prizes is $1000, how much is each prize?
  1. $200
  2. $250
  3. $300
  4. $400

Questions & Step-by-Step Solutions

A contest awards 4 prizes of $250 each. If the total cost of the prizes is $1000, how much is each prize?
  • Step 1: Identify the total cost of the prizes, which is $1000.
  • Step 2: Identify the number of prizes being awarded, which is 4.
  • Step 3: To find the amount of each prize, divide the total cost by the number of prizes.
  • Step 4: Perform the calculation: $1000 divided by 4 equals $250.
  • Step 5: Conclude that each prize is $250.
  • Division – The question tests the ability to divide a total amount by the number of items to find the value of each item.
  • Understanding of Prizes and Costs – It assesses the understanding of how total costs relate to individual prizes.
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