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?

Answer 1

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!