AIR MATH

Math Question

Animal House Rescue is holding a fundraiser raffle. They sell 2,980 tickets for \( \$ 1 \) each for a prize telescope valued at \( \$ 425 \). What is the expected gain or loss to a participant purchasing ten tickets?
\( \$ 12.85 \) gain
\( \$ 4,240.00 \) gain
\( \$ 8.57 \) loss
\( \$ 0.86 \) loss

Solution

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