Question

19 Points to whoever can help me in 10 minutes.

Angelo's Pizza is having a ticket raffle to raise money for new soccer uniforms. A $1 ticket gives an even chance to win $25 gift certificate, one $15 gift certificate, or three $5 gift certificates. What is the expected profit or loss for purchasing 1 ticket if 100 total tickets are sold?

Answer 1

the profit loss will be 1$ and the profit gain will be 55$

Answer 2

A gain of 0.45

Explanation:

He invested 55 in certificates. All the tickets selling makes 100.00. So 100 - 55 = 45 as profit.