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the sorority sells all 500 raffle tickets. how much money does the sorority make on average per ticket?

1 Answer

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Final answer:

To determine the average money made per ticket by a sorority in a raffle, divide the total amount earned from ticket sales by the number of tickets sold. Without the total earnings, we cannot calculate the average per ticket.

Step-by-step explanation:

To calculate how much money the sorority makes on average per ticket from a raffle, you would need the total amount of money made from selling all the tickets and divide it by the number of tickets sold. However, the provided information does not include the total amount made from the raffle. Without this information, we cannot compute the average earnings per ticket. For a clearer understanding of such calculations, let's look at an example with some hypothetical numbers:

Let's say the sorority sold all 500 tickets at $2 each. The total amount made would be 500 tickets × $2/ticket = $1,000. To find the average money made per ticket, you divide $1,000 by 500 tickets, resulting in an average earning of $2 per ticket.

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