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

label Algebra
account_circle Unassigned
schedule 1 Day
account_balance_wallet \$5

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

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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Jul 12th, 2015
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Jul 12th, 2015
Oct 17th, 2017
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