Answer: The student council will raise $3,500 by selling 500 tickets for $7 each. This is calculated by multiplying the number of tickets sold (500) by the price per ticket ($7), which equals $3,500.
After giving away the prizes, the student council will have $2,100 left. This can be determined by subtracting the expenses from the total amount raised. In this case, we subtract $1,000 for the prizes and $400 for the two $200 expenses, which equals $1,400. Subtracting $1,400 from the initial amount of $3,500, we get $2,100.
To find out how much the student council will make per ticket sold, we divide the remaining amount ($2,100) by the number of tickets sold (500). This gives us $1.6 per ticket.
In summary:
- The student council will raise $3,500 from selling 500 tickets at $7 each.
- After giving away the prizes and deducting expenses, they will have $2,100 left.
- The student council will make $1.6 per ticket sold.