7. Two hundred tickets are being sold for a school draw.
a) What is your chance of winning with one ticket? Express your answer as a percent.
Your chance of winning with one ticket would be 0.5% because lets say 200 tickets is 100 tickets then your chance of winning with one ticket would be 1%.
b) How many tickets would you need to purchase to have a 2.5% chance of winning?
You would but 5 tickets because if 1 ticket is 0.5% then if you buy 4 more it would equal 2.5%
13. Suppose a real estate agent receives 5% commission on the fi rst $200 000 of a house’s selling price, and 6% on the remaining amount.
a) What does commission mean?
Commission means a part of the sale price that the real estate agent would earn.
b) If a house sells for $345 000, how much commission does the real estate agent make on the sale of the house?
The agent would make $18 700 on the house.
16. Josephine scored 12 baskets out of 30 shots in her first basketball game this year. Her scoring average was then 40%. The next game, she made ten shots and raised her scoring average for both games to 50%. How many of the ten shots in the second game were baskets?
Josephine made 8 baskets out of the 10 shots on the second game.