A foundation is holding a fund - raising campaign in a form of a raffle. A raffle ticket costs 120 php and there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php. Compute the expected profit or loss for joining this raffle. A) -100 php (B -120 php -99.98 php -88.98 php
A foundation is holding a fund - raising campaign in a form of a raffle. A raffle ticket costs 120 php and there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php. Compute the expected profit or loss for joining this raffle. A) -100 php (B -120 php -99.98 php -88.98 php
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter1: Introduction To Algebra
Section1.5: Translating Sentences Into Equations
Problem 34WE
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![A foundation is holding a fund - raising campaign in a form of a raffle. Araffle ticket costs 120 php and
there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php.
Compute the expected profit or loss for joining this raffle.
(A
-100 php
В
-120 php
-99.98 php
-88.98 php](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8cee0396-18fa-4c6f-a30d-60373c65463c%2F8567b135-f340-48bf-9ec5-fb0db59c1134%2Fmuctpr_processed.png&w=3840&q=75)
Transcribed Image Text:A foundation is holding a fund - raising campaign in a form of a raffle. Araffle ticket costs 120 php and
there are 5,000 tickets to be sold. The ticket drawn in the raffle will win for its holder the price of 100,000 php.
Compute the expected profit or loss for joining this raffle.
(A
-100 php
В
-120 php
-99.98 php
-88.98 php
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