A charity holds a raffle. Each raffle ticket costs $4.50. They manage to sell 4238 raffle tickets.

Question:

A charity holds a raffle. Each raffle ticket costs $4.50. They manage to sell 4238 raffle tickets. 

The first prize of the raffle is $10 000 and there are also two second prizes of $2500 each. Calculate how much profit the charity makes from raffle. Show all your working clearly.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: