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A raffle is being held to benefit the local animal shelter. They sell 717 tickets that do not win any prize, 19 tickets that win a free adop
Question
A raffle is being held to benefit the local animal shelter. They sell 717 tickets that do not win any prize, 19 tickets that win a free adoption (valued at $20), and one ticket that wins $166 worth of pet supplies and toys. If they are selling the tickets for $5 each, how much should the shelter expect to earn for each ticket sold?
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Mathematics
5 years
2021-08-03T23:20:25+00:00
2021-08-03T23:20:25+00:00 1 Answers
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Answers ( )
Let’s start by finding the total amount of tickets sold
717+19+1=737
Now multiply by 5 to see how much money they initially brought in
737•5=3,685
Now let’s find the total expense of the prizes
166+(19•20)=t
166+380=546
Now subtract the expenses from the total ticket sales
3,685-546=3,139
They made $3,139 TOTAL
Now let’s divide the total made by the total tickets sold
3139 / 737 = 4.26
They made $4.26 PER TICKET
Hope this helps!