SOLUTION: you bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for winning your bet in the race.
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-> SOLUTION: you bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for winning your bet in the race.
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Question 1146058: you bet $7 on a local race being held for charity. The payoff odds given by the charity event are 12:1. Find your net profit for winning your bet in the race. Answer by richwmiller(17219) (Show Source):