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29 June, 09:53

You bet $7 on a local race being held for charity. The payoff odds govern by the charity event are 12:1, find your net profit for winning your bet in the race

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  1. 29 June, 10:01
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    The answer would be $77 profit.

    Step-by-step explanation:

    The bet was $7 with a payout of 12 to 1. Total winnings would be:

    $7 * 12 = $84

    Subtract the initial bet to get the profit:

    $84 - $7 = $77.
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