To determine the contestant's balance of prize money, we need to calculate the total amount lost from the wrong answers.
The contestant loses $12.50 for each wrong answer, and he answered 6 questions wrong:
Total loss = Number of wrong answers × Loss per wrong answer Total loss = 6 × $12.50 = $75.00
Since the contestant has not answered any questions right, his balance of prize money is simply the total loss.
Therefore, the balance is:
−$75.00 (negative $75.00)
The correct response is:
−$75.00 (negative $75.00)