Concept:
The prizes form an Arithmetic Progression (A.P.) because each prize is a fixed amount less than the previous one.
If the first term is \(a\) and common difference is \(d\), then the terms are:
\[
a,\; a+d,\; a+2d,\; a+3d
\]
Step 1: Identify the common difference.
Since each prize is Rs. 20 less than the previous:
\[
d = -20
\]
Step 2: Write all four prizes explicitly.
\[
\text{1st prize} = a
\]
\[
\text{2nd prize} = a - 20
\]
\[
\text{3rd prize} = a - 40
\]
\[
\text{4th prize} = a - 60
\]
Step 3: Use the total sum condition.
\[
a + (a-20) + (a-40) + (a-60) = 280
\]
Now combine like terms step-by-step:
\[
= a + a + a + a - 20 - 40 - 60
\]
\[
= 4a - (20+40+60)
\]
\[
= 4a - 120
\]
Thus:
\[
4a - 120 = 280
\]
Step 4: Solve for \(a\).
\[
4a = 280 + 120
\]
\[
4a = 400
\]
\[
a = 100
\]
Step 5: Find the fourth prize.
\[
\text{Fourth prize} = a - 60 = 100 - 60 = 40
\]