Final answer:
A contestant can get a maximum of 6 questions wrong to still have at least $700 after losing $50 for each incorrect answer from the original $1,000.
Step-by-step explanation:
The game show contestant starts with $1,000 and loses $50 for every incorrect answer. To determine how many questions the contestant can get wrong and still take home at least $700, we calculate the maximum total loss allowed and then divide by the loss per incorrect question.
The formula to calculate the number of incorrect answers allowed is:
- Calculate the total amount the contestant wants to take home: $700.
- Subtract this from the initial amount given: $1,000 - $700 = $300.
- Divide the difference by the loss per incorrect answer: $300 / $50 = 6.
This means to have at least $700, the contestant can afford to answer a maximum of 6 questions incorrectly.