Suppose the chamber of commerce in Pinehurst, North Carolina decided to hold a professional golf tournament at the famous Pinehurst Country Club. They would probably be able to get a TV contract from a major network. The TV revenue would be about $4 million, and they would sell 60,000 tickets at $8 apiece. The fund for prizes would be 20% of their total revenue (TV plus tickets) rounded to the nearest $10,000. The prizes would be as follows (all prizes are rounded to the nearest dollar): First prize: 18% of the total prize money Second prize: 60% of the first prize Third prize: 65% of the second prize Fourth prize: 70% of the third prize Fifth prize: 75% of the fourth prize Sixth prize: 6% of the remaining prize money Seventh prize: $900 less than sixth prize Eighth prize: $900 less than seventh prize And so on, with each subsequent prize $900 less than the previous prize. The final prize would be whatever was left over, even if it wasn’t $900 less than the previous prize. Suppose two golfers finished in a tie for tenth place and they split the combined tenth and eleventh prizes. How much did each of them get?
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Suppose the chamber of commerce in Pinehurst, North Carolina decided to hold a professional golf tournament at the famous Pinehurst Country Club. They would probably be able to get a TV contract from a major network. The TV revenue would be about $4 million, and they would sell 60,000 tickets at $8 apiece. The fund for prizes would be 20% of their total revenue (TV plus tickets) rounded to the nearest $10,000. The prizes would be as follows (all prizes are rounded to the nearest dollar):
First prize: 18% of the total prize money
Second prize: 60% of the first prize
Third prize: 65% of the second prize
Fourth prize: 70% of the third prize
Fifth prize: 75% of the fourth prize
Sixth prize: 6% of the remaining prize money
Seventh prize: $900 less than sixth prize
Eighth prize: $900 less than seventh prize
And so on, with each subsequent prize $900 less than the previous prize. The final prize would be whatever was left over, even if it wasn’t $900 less than the previous prize.
Suppose two golfers finished in a tie for tenth place and they split the combined tenth and eleventh prizes. How much did each of them get?
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