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 selling 300 tickets for £5 each is:

300 x £5 = £1500

The profit will be the difference between the total revenue and the cost of prizes:

£1500 - £400 = £1100

The amount of profit that goes to Charity A is:

55% x £1100 = £605

The amount of profit that goes to Charity B is:

45% x £1100 = £495

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