Question

jack and Jill bought a lottery ticket together, where Jill paid $2 and Jack put $2.50 towards its purchase. they agreed to share the prize in the ratio of the amount which each one had paid for the ticket. if jack received $1024 of the prize money, then what was the prize worth?

Answer 1

2/2.5=x/1024
2.5x=2048
x=819.2

1024+819.2=1843.2

The prize money was worth $1,843.20

Answer 2

First, we'll set up a proportion to see how much money Jill got:

2/2.5 = x/1024; 2.5x = 2048; x = $819.20.

To find how much the prize is worth, we'll just add Jack and Jill's shares: $1024 + $819.20 = $1,843.20.