Question

A casino advertises that it gives a 95.2â% payback on slotâ machines, and the balance is retained by the casino. If the amount retained by the casino is â$4820â, find the total amount played on the slot machines.

Answer 1

Answer: The total amount played on the slot machines is $100416.67.

Explanation:

Since we have given that

Percentage of amount payback on slot machines = 95.2%

Percentage of amount retained by the casino = 100 - 95.2 =4.8%

Amount retained by the casino = $4820

Let the total amount played on the slot machines be 'x'.

According to question, we get that

`(4.8)/(100)* x=\$4820\\\\0.048x=\$4820\\\\x=(4820)/(0.048)\\\\x=\$100416.67`

Hence, the total amount played on the slot machines is $100416.67.