Given, Total number participants = 63
Total prize money distributed = Rs 3000
Winner gets a prize of Rs 100
Who does not win gets a prize of Rs 25
Number of winners = ?
Let the number of winners = m
Since, Number of winners + Number of losers = Total number of participants
Or,
m + Number of losers = 63
By transposing ‘m’ to RHS,we get
Number of losers = 63 – m
Now,
Total Prize money distributed to winners = (Number of winners ) X (prize money distributed to each winner ) = m X 100 = 100m
Total prize money distributed to losers = (Number of losers) X (prize money distributed to each loser) = (63 – m) X 25 = (63 x 25) – 25 m = 1575 – 25 m
Now,
Total Prize money of winners + Total Prize money of losers = Total prize money
By substituting the total prize money distributed to winners and total prize money distributed to losers,
we get 100 m + 1575 – 25 m = 3000
⇒ 100 m – 25 m + 1575 = 3000
By transposing 1575 to RHS, we get
100 m – 25 m = 3000 – 1575
⇒75 m = 1425
After dividing both sides by 75, we get the answer. m = 1425/75 = 19
Thus, number of winners = 19