318 Answer Save Question 6 1 point A raffle is being held to

3.18 Answer Save Question 6 (1 point) A raffle is being held to benefit the local animal shelter. The sell 633 tickets that do not win any prize 12 ticketa that win a free adoption (valued at $20), and one ticket that wins $120 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? Round to the nearest cent, as needed Your Answer Answer Save Go to Submit Quiz Save All

Solution

Total tickets sold = 633

Total earnings from ticket = 633*5 = 3165

Now total prizes/rewards = 12*20 + 120 = $ 360

So, total net earnings = (3165- 360) = $ 32805

Earning for each ticket sold = 32805/633 = $ 51.82