Question 992015: 3.) A casino's gross revenue—all the money wagered by players—is referred to in the business as the handle. The hold is the profit the casino retains after players are paid. If a casino's hold is $3,000,000 in a month and it takes in 4.6% of the money wagered, how much is the handle? Round your answer in millions of dollars to two decimal places.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! A casino's gross revenue—all the money wagered by players—is referred to in the business as the handle. The hold is the profit the casino retains after players are paid. If a casino's hold is $3,000,000 in a month and it takes in 4.6% of the money wagered, how much is the handle? Round your answer in millions of dollars to two decimal places.
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Let the handle be "x"::
0.046x = 3000000
x = 65,217,391.30
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What a crime!!
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Cheers,
Stan H.
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