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Mathematics, 05.05.2020 20:43 jdeformity

Suppose the chamber of commerce in Pinehurst N. C., decided to hold a professional golf tournament. They would probably be able to get a TV contract from a major network. The tv revenue would be about 4 million, and they would sell 60,000 tickets at $8 a piece. The fund for the prizes would be 20% of their total revenue (tv plus tickets) rounded to the nearest $10,000. The prizes would be as follows. (all prizes are rounded to the nearest dollar).

First prize: 18% of the total prize money.

Second prize: 60% of the first prize

Third: 65% of the second prize

Fourth: 70% of the third prize

Fifth: 75% of the fourth prize

Sixth: 6% of the remaining prize money

Seventh: $900 less than sixth prize

Eighth: $900 less than seventh prize

Each subsequent prize is $900 less than the previous prize.

Suppose two golfers finished in a tie for tenth place, and they split the combined 10th and 11th prizes. How much did each of them get?

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