Well, few months ago we did a task based on the prize money hike for Champions trophy. Now, it’s the turn of FIFA!

FIFA has announced about 50% increase in World Cup prize money for next year’s tournament, with the champions set to take home a reward of $50 million.

The prize money will be paid out among the 48 participating teams as follows:

• Champions: USD 50 million
• Runners-up: USD 33 million
• 3rd place: USD 29 million
• 4th place: USD 27 million
• 5th-8th place: USD 19 million
• 9th-16th place: USD 15 million
• 17th- 32nd place: USD 11 million
• 33rd-48th place: USD 9 million 

Each qualifying team will also receive USD 1.5 million to cover preparation costs. This means that all Participating Member Associations are guaranteed at least USD 10.5 million each for their participation in next year’s tournament. 

Credits: TOI

With the infographic above, let us explore few percentage concepts in relation to the news in hand.

Solution:

In which zone (A / B / C / D) does the current winner’s prize money (50mn) fall into? How do you know? 

B – 50% of $ 42 million is $ 21 million and 25% amounts to $10.5 million

So, 125% of $42 million is $52.5 million. The winner prize money is less than 125%, hence falls in the zone B.

Solution:

In which zone (A / B / C / D) does the current winner’s prize money (50mn) fall into? How do you know? 

C – In this case 38 million is 100%

So, 150 % of 38 million is $ 57 million and 125% is $47.5 million

Hence, the winner’s prize money fall in the zone C (between $47.5 million and $52.25 million)

Solution:

C – As the increase of 50% of $440 million cannot be less than $650 million

Hope you had fun exploring Math with your favourite team or sport in context!

Credits: inside.fifa.com, TOI, Canva