Ford Carter
04/04/2023 · Primary School
cording to one study, an average payout for slots machines is 83 cents on each dollar. What is the percert return on every dollar spert in playin
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Step-by-step Solution
To calculate the percent return on every dollar spent playing slot machines, you can use the average payout percentage. In this case, the average payout is 83 cents for every dollar spent.
To find the percent return, you can use the following formula:
\[
\text{Percent Return} = \left( \frac{\text{Payout}}{\text{Amount Spent}} \right) \times 100
\]
Substituting the values:
\[
\text{Percent Return} = \left( \frac{0.83}{1.00} \right) \times 100 = 83\%
\]
So, the percent return on every dollar spent playing the slot machines is **83%**.
Quick Answer
The percent return on every dollar spent is 83%.
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