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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.

$74

$84

$91

$80

Respuesta :

Answer:

$84

Step-by-step explanation:

12:1 means for every dollar you bet you will win 12

so 7 x 12 = 84

you would win $84, you bet 7 so net profit would be 84-7 = $77

Net profit is $77

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