SOLUTION: A casino advertises that it gives 95.7% payback on slot machines, and the balance is retained by the casino. If the amount retained by the casino is $4835, find the total amount pl

Question 841413: A casino advertises that it gives 95.7% payback on slot machines, and the balance is retained by the casino. If the amount retained by the casino is $4835, find the total amount played on the slot machines.
The total amount played onthe slot machines is $_______.
(Round to the nearest dollar as needed.)
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A casino advertises that it gives 95.7% payback on slot machines, and the balance is retained by the casino. If the amount retained by the casino is $4835, find the total amount played on the slot machines.
The total amount played onthe slot machines is $_______.
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100 - 95.7 = 4.3 (Percent retained by the casino)
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Let total revenue be "x"::
Equation:
0.043x = 4835
x = $112,441.86
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Cheers,
Stan H.
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