A high school is having a talent contest and will give different prizes for the best 5 acts in the show. First place wins the most money, and each place after that wins $50 less than the previous place.
Create an equation that can be used to determine the total amount of prize money based on the value of the first place prize. Define all unknowns with one variable.
The talent show has a total of $1,000 in prize money. What is the ammount of money for each of the five prizes? Show your work.
Thanks in advance 
