CREATE TABLE table_16948 ("Date" TEXT, "Tournament" TEXT, "Location" TEXT, "Purse (  $  ) " FLOAT, "Winner" TEXT, "Score" TEXT, "1st Prize (  $  ) " TEXT)

How much was the prize money for the 275000 purse?
SELECT "1st Prize( $ )" FROM table_16948 WHERE "Purse( $ )" = '275000'
SELECT "1st Prize( $ )" FROM "table_16948" WHERE "Purse( $ )" = '275000'