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Guangchu believes the AFC team will win and is giving 9:1 odds. Yang is a fan of the NFC, and he is giving 4:1 odds.

Guangchu believes the AFC team will win and is giving 9:1 odds. Yang is a fan of the NFC, and he is giving 4:1 odds. You seek to bet a total of $300 with Guangchu and Yang and capture the maximum guaranteed, risk-free arbitrage profit.

Assume Guangchu is making a fair bet. What is the implied probability that Guangchu assigns to the AFC team winning?

Please express your answer in percentage, rounded to the nearest integer percent.

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