Answer:
Prize, P = $352
Step-by-step explanation:
Given the following data;
To find the value of the prize;
[tex] \frac {5}{11} * P = 160 [/tex]
[tex] \frac {5P}{11} = 160 [/tex]
Cross-multiplying, we have;
[tex] 5P = 160 * 11 [/tex]
[tex] 5P = 1760 [/tex]
[tex] P = \frac {1760}{5} [/tex]
Prize, P = $352