A company offers a raffle whose grand prize is a $40,000 new car. Additional prizes are a $1,000 television and a $500 computer. Tickets cost $20 each. Ticket income over the cost of the prizes will be donted to charity. If 3,000 tickets are sold, what is the expected gain or loss of each ticket?
To find the expected gain or loss of each ticket.
The grand prize of the car is . Additional prizes are a television and a computer. The cost of each ticket is and total number of tickets sold is .
As per the given information the total cost of the prize will be
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