Problem 24: 10% added to profit
Warm-upInvented terms: 10% is added to the profit of an accumulator. Using problem 1 (stake ₦1,000, combined odds 5.40), what is the total return?
- Profit before
- ₦4,400
- Added
- 10% of profit
Show working for problem 24
- Added amount: ₦4,400 × 0.10 = ₦440.
- Return: ₦1,000 + ₦4,400 + ₦440 = ₦5,840.
Answer ₦5,840.