Question

Raffle ticket sales a civic group sells 1000 raffle tickets to raise $2500 for its namesake charity. first prize is $1000, second prize is $300, and third prize is $200. how much should the group charge for each ticket?

Answer 1

First, we need to add all of the dollar amounts to get the total the civic group needs to raise.

$2,500+$1000+$300+$200=$4,000.

Then, divide by number of tickets.

$4,000/1,000=$4

The civic group needs to sell each ticket for $4.