At a local fate, a church is organizing a penny raffle whereby the top prize is a flat screen television.

Raffle tickets are drawn at random from a bag containing 300 raffle tickets numbered 001 to 300. The price of the ticket is the number on the ticket drawn in pence. So, for example, if you were to draw out number 218, you would pay 218 pence (£2.18). Similarly, if you were to draw out number 010, you would only pay 10 pence.

Assuming all 300 raffle tickets are sold, how much money will be raised from the sale of the raffle tickets?

Is there a quick formula that could be used to calculate this, or is it simply a case of adding it all up manually?

Sell and Rent Back

Related articles:

  1. An extension on my last question? Here is my last question, in case you didn’t see it: http://answers.yahoo.com/question/index;_ylt=AvefZDtWe6KrLDoGWkg95NTsy6IX;_ylv=3?qid=20081124065432AAXFxN3 I’ll sum it up real quick if you don’t wanna read all that: My mother in law...
  2. Mortgage question - proof of earnings for the self employed? I have been working for myself since Feb, and have been doing quite well for myself. I want to move in with my girlfriend at Easter, where we will...
  3. Tenancy agreement question (UK) 2? My lease will end at the end of september (on the 30th) but the landlord found somebody to rent the flat before that date starting at the 5th of...
  4. Quick question about selling leased property? I own a flat which is leasehold, I am thinking of selling and was wondering if anyone could tell me if the there was a rule of thumb as...
  5. Which way is the best? My sister is the legal guardian of my mother and needs to sell her house so she can use the money to fund my mother’s expenses of living in...

Tagged with: • •

Filed under: flat sale