SOLUTION: Tickets in a raffle were 50c each, or you could buy five for $2. All 1000 tickets were sold and $470 was taken.How many lots of five tickets were solved?

Question 980158: Tickets in a raffle were 50c each, or you could buy five for $2. All 1000 tickets were sold and $470 was taken.How many lots of five tickets were solved?

Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = number of single tickets sold
Let = number of lots of 5 tickets sold
--------------------------
(1)
(2) ( in cents )
--------------------------------------
(2)
Subtract (2) from (1)
(1)
(2)
----------------------

and
(2)
(2)
(2)
--------------------
60 lots of 5 tickets each were sold
check:
(2)
(2)
(2)
(2)
OK

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