SOLUTION: A punch-out card with 100 spaces contains one space that pays $200, 10 spaces that pay $50 and the others pay $0.01. What is the fair price to pay for a ticket?

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Question 1054965: A punch-out card with 100 spaces contains one space that pays $200, 10 spaces that pay $50 and the others pay $0.01. What is the fair price to pay for a ticket?
Answer by Fombitz(32388) About Me  (Show Source):
You can put this solution on YOUR website!
200%281%2F100%29%2B50%2810%2F100%29%2B0.01%28%28100-10-1%29%2F100%29-X=0
2%2B5%2B0.0089=X
X=7
$7 would be a fair price.