Question

On the game show "The Price is Right", the highest winning amount was $262,743. The next largest winning amount was only 81.4012% of the highest. What was the second highest winning amount rounded to the nearest dollar?

Answer 1

`Second = \$213876`

Explanation:

Given

Highest Winning = $262,743

Second Highest Winning = 81.4012% of the first

Required

Determine the value of the second highest winning

Recall that

`Second\ Highest\ Winning = 81.4012\%\ of\ the\ first`

Substitute $262,743 for the first highest winning

`Second = 81.4012\%\ of\ \$262,743`

`Second = 81.4012\%\ * \$262,743`

`Second = \$213875.954916`

Approximate

`Second = \$213876`

Hence, the second highest winning is approximately $213876