SOLUTION: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 110 tickets sold. The winner gets a prize wo

Question 1135722: The PTO is selling raffle tickets to raise money for classroom supplies. A raffle ticket costs $2. There is 1 winning ticket out of the 110 tickets sold. The winner gets a prize worth $88. Round your answers to the nearest cent.
If the PTO sells all 110 raffle tickets, how much money can they expect to raise for the classroom supplies?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
They will receive $220, and they will pay out $88. They will raise $132.
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