Bingo question to help solve how much profit to generate....

Algebra
Tutor: None Selected Time limit: 1 Day

1.Hi! in a bingo game for 25 people paying $12.00 each, and the benificiary want to donate 40% to the org.. 50%  to the pot,  and $20.00 for supplies, how much will be the  payout. The same question with  50people and for 100people paying the same amount. 

2. The same but the reverse , 50 % to the org and 40% to the pot... 

Thanks, I am a senior and kind of complicated. 

Blessings,

Tess

Jul 12th, 2015

Thank you for the opportunity to help you with your question!

total amount collected = 25*12 = 300

Beneficiary want to donate 40% org =300*0.4 = 120   (amount remaining 300-120=180)

next Beneficiary want to donate 50% pot =180*0.5 = 90  (amount remaining 180-90=90)

now Beneficiary want to donate 20 supplies = 20  (amount remaining 90-20=70)

Finally Benificiary will get $20


People 50     amount  collect  600

Org 40%  240 ,   Pot 50%   180  & Supplies, 20 

Hence Payout 160


2.

People 50     amount  collect  600

Org 50%  300 ,  Pot 40%   120  & Supplies, 20 

Hence Payout 160


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Jul 12th, 2015

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