Question

A man and his wife share a lottery prize of $1 500 000 in the ratio of 41:34. What is the difference between the man's share and his wife's share

Answer 1

$140,000

Explanation:

Value of lottery = $1,500,000

Man's ratio = 41

Wife's ratio = 34

Total ratio = 41 + 34 = 75

Man's share = Man's ratio / Total ratio * Value of lottery

= 41/75 * $1,500,000

= 0.5466666666666 * $1,500,000

= $820,000

Wife's share = wife's ratio / total ratio * Value of lottery

= 34/75 * $1,500,000

= 0.4533333333333 * $1,500,000

= $680,000

Difference between the man's share and his wife's share

= Man's share - wife's share

= $820,000 - $680,000

= $140,000