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Three-person Problem of Points: Pascal, Fermat and their old friend the Chevalier de Mere each put $10.00 into a pot, and agree to play a game that has rounds. Each player has the same probability of winning each round. They agree to play until someone has won 10 rounds, and that person will get the entire pot. However, they are forced to stop playing after Pascal has won 8 rounds, Fermat has won 7 rounds and the Chevalier has won 9 rounds. How should they divide the pot?
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By selling a violin for $4950, giving a 10% discount on the marked price, a trader gained $950 on his investment, Find, Cost price.
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