A college foundation raises funds by selling 600 raffle tickets for a new car worth $50,000 at $150 each. (a) Find the expected net winnings of a person buying one of the tickets. (b) Find the total profit for the foundation, assuming they had to purchase the car. (c) Find the total profit for the foundation, assuming the car was donated.
A college foundation raises funds by selling 600 raffle tickets for a new car worth $50,000 at $150 each. (a) Find the expected net winnings of a person buying one of the tickets. (b) Find the total profit for the foundation, assuming they had to purchase the car. (c) Find the total profit for the foundation, assuming the car was donated.
Chapter2: Solving Linear Equations
Section2.5: Solve Linear Inequalities
Problem 2.118TI: Elliot has a landscape maintenance business. His monthly expenses are $1,100. If he charges $60 per...
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Transcribed Image Text:A college foundation raises funds by selling 600 raffle tickets for a new car worth $50,000 at $150 each.
(a) Find the expected net winnings of a person buying one of the tickets.
(b) Find the total profit for the foundation, assuming they had to purchase the car.
(c) Find the total profit for the foundation, assuming the car was donated.
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