Question:
250 lottery tickets were sold and there are 5 prizes on these tickets. If Kunal has purchased one lottery ticket, what is the probability that he wins a prize?
Solution:
Total number of tickets = 250
Kunal wins a prize if he gets a ticket that assures a prize.
Number of tickets on which prizes are assured = 5
$\therefore P($ Kunal wins a prize $)=\frac{5}{250}=\frac{1}{50}$