Question

According to one study, an average payout for slots machines is 84 cents on each dollar. What is the percent return on every dollar spent in playing slots?The percent return on every dollakspent in playing slots is %.

Answer 1

Given that the average payout for slots machines is 84 cents on each dollar.

We know that

`100\text{ cents = 1 dollar}`

The cost of return for every dollar spent is 100-84=16 cents.

The percent return on every dollar spent in playing slots is

`=\frac{16}{\text{one dollar}}*100=(16)/(100)*100=16\text{ \%.}`

The percent return on every dollar spent in playing slots is 16%.