Question

Seventeen hundred tickets costing $5 each were sold for a scholarship fund-raiser. One prize of $2,000, 3 prizes of $1,000, and 5 prizes of $250 were given away. How much money did the scholarship fund-raiser make?

Answer 1

$\begin{gathered} 1700\text{ tickets costing 5 dollars each one of them. Hence , they have:} \\ 1700(5)=8500\text{ dollars} \\ \text{Now,} \end{gathered}$$\begin{gathered} \text{they spent:} \\ 2000+3(1000)+5(250)= \\ 2000+3000+1250= \\ 5000+1250= \\ 6250\text{ dollars} \end{gathered}$$\begin{gathered} \text{therefore, they make:} \\ 8500-6250=2250\text{ dollars} \end{gathered}$