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21 August, 07:12

A Las Vegas casino offers a $250 hotel voucher per winner of a new card game, and each player has a 20% chance of winning. If the casino wants to earn a profit of $1,000 for every 50 players, how much money should the casino charge each player? A. $20B. $50C. $70D. $125E. $250

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  1. 21 August, 08:43
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    Option C. 70$

    Step-by-step explanation:

    This one is actually easy to solve.

    We have 50 players, and each of these players have the same chance of winning the voucher of 250$.

    If this is true then:

    50 * 0.2 * 250 = 2500$

    This is the cost of the casino for all the 50 players.

    Now, if the casino wants the 1000$ earning profit, they need to reach to 3500$ for player. Therefore, the charge that the players would be charged by the casino is:

    3500/50 = 70$

    This is the charge for each player
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