In a game of chance, a gambler speaks privately to two persons. To one he says, ''If you win, I will give you thrice your stake money , else you will give me four times of that.'' Going to the other, the gambler promises to give him five times his stake money , if he wins but he will have to give seven times of the same on losing. From both of them, the gambler will gain . Find the sum of their prize money .
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Relevant Wiki: Simultaneous Equations
Let their stake money be x and y , respectively.
Case 1: If the first person wins, the gambler gets 7 times the stake money of the second person and rewards 3 times the stake money to the first person. So, he has:
7 y − 3 x = 6 5
Case 2: If the second person wins, the gambler gets 4 times the stake money of the first person and rewards 5 times the stake money to the second person. So, he has:
4 x − 5 y = 6 5
By solving with a suitable method,
x = $ 6 0
y = $ 3 5
So, the sum of the prize money
= 3 x + 5 y
= $ 3 5 5