SOLUTION: Mike, Doug and Brian bet on a horse together agreeing to share the winnings according to how much each put in. Mike invested $30, Doug put in $20 and Brian $10. The horse they bet

Question 1008655: Mike, Doug and Brian bet on a horse together agreeing to share the winnings according to how much each put in. Mike invested $30, Doug put in $20 and Brian $10. The horse they bet on won the race. If the smallest share won was $200, how much was the total of the winning pay out?
Answer by maxitee(11) (Show Source): You can put this solution on YOUR website!
$30 + $20 + $10 = $60.
The person that invested the smallest amount, in this case, Brian gets the $200.
Simple thing to do is know how much percentage of the total investment Brian contributed.
B% of 60 = 10
Mathematically,
60B/100 = 10
60B = 1000
B =100/6

Therefore, We ask, if 100/6 percent could yield $200. How much was the total payout?
100/6% of X = 200
Mathematically,
100X/600 = 200
100X = 120000
X = $1,200
The total amount they won is $1,200.
Am kinda in a hurry, so i didn't simplify much. Hope you get it.
(Engr. Terry, Nigeria)

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