Given that the first two cards drawn are kings, what is the probability that the third is also a king? Four cards are randomly selected from a pack of 52 cards. If the first two cards are kings, what is the probability that the third card is a king?
The given answer is 2/50.
I was thinking 4 cards can be selected in 52C4 ways, out of which first three kings can be selected in 4P3 ways i.e. 24 ways and last 1 card can be choose by 49 ways. Hence result should be equal to (24*49)/(52C4)
Where am I going wrong?
 A: You have a deck of $52$ cards and remove $2$ cards which are both kings. You now take a new card out of the $50$ remaining cards and are asked the probability of it being a king. There are $2$ kings left in the pack of $50$ cards. The answer is 
$$ \frac{2}{50}. $$
Where are you going wrong ? 
"I was thinking $4$ cards can be selected in $52$C$4$ ways"
Correct but .... Why are you thinking about $4$ cards ! The question asks you what is the probability upon taking the third card, what happens next is irrelevant to the question. You should focus on extracting the relevant information from the problem. It's sometimes a good idea to imagine yourself taking out the cards of the deck to identify the relevant information.   
A: You almost have it.
Since you want to consider the 4 card subsets, and since you knew that your subset had 2 kings already, you want to look only at 4 card subsets that have 2 kings. If you have 2 kings you can choose the other 2 cards in :
$$50C2$$
ways.
Next you want to fix your third card as king. You can choose the fourth card in $49$ ways.
So the required probability would be
$$\dfrac{49}{50C2}$$
A: After taking two kings there are 50 cards left with 2 kings among them, so the probability that the next card is a king is $2/50$.
