Question

Frank organized a raffle. He sells 300 tickets for £5 each. The prizes cost £400. He gives 55% of the profit to Charity A and 45% of the profit to Charity B. Work out how much each charity receives.

Answer 1

Explanation:

The total revenue from ticket sales is:

300 x £5 = £1500

The profit is the revenue minus the cost of the prize:

Profit = £1500 - £400 = £1100

Charity A receives 55% of the profit:

55% of £1100 = £605

Charity B receives 45% of the profit:

45% of £1100 = £495

Therefore, Charity A receives £605 and Charity B receives £495.