Answer:
£500
Step-by-step explanation:
ratio of money = 3 : 1 = 3x : x ( x is a multiplier )
winner receives £250 more than the runner up, that is
3x = x + 250 ( subtract x from both sides )
2x = 250 ( divide both sides by 2 )
x = 125
total prize money = 3x + x = 4x = 4 × 125 = £500