Question

The pto is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $4. There is 1 winning ticket out of the 200 tickets sold. The winter gets a prize worth $76.

Answer 1

Explanation:

The profit the PTO makes from selling raffle tickets can be calculated by subtracting the cost of the tickets from the total revenue generated from ticket sales.

Let's first calculate the total revenue:

Number of tickets sold = 200

Price per ticket = $4

Total revenue = 200 * $4 = $800

Next, let's calculate the cost of the tickets:

Number of tickets sold = 200

Price per ticket = $4

Total cost = 200 * $4 = $800

Finally, we can calculate the profit by subtracting the cost of the tickets from the total revenue:

Profit = Total revenue - Total cost

Profit = $800 - $800 = $0

So, the PTO makes no profit from selling the raffle tickets. This is because the cost of the tickets and the prize are equal, and there are no other expenses. In this scenario, the prize money of $76 is given away to the winner, so the PTO does not get to keep the money for classroom supplies.