Given that the average payout for slots machines is 84 cents on each dollar.
We know that
[tex]100\text{ cents = 1 dollar}[/tex]The cost of return for every dollar spent is 100-84=16 cents.
The percent return on every dollar spent in playing slots is
[tex]=\frac{16}{\text{one dollar}}\times100=\frac{16}{100}\times100=16\text{ \%.}[/tex]The percent return on every dollar spent in playing slots is 16%.
