Raffle Percentage Calculator

Formula

To calculate the Raffle Percentage:

\[ RP = \left(\frac{RTB}{RTS}\right) \times 100 \]

Where:

\(RP\) is the Raffle Percentage (%)
\(RTB\) is the total raffle tickets bought
\(RTS\) is the total raffle tickets sold

What is a Raffle Percentage?

The raffle percentage represents the proportion of tickets bought out of the total tickets sold, expressed as a percentage. It is a useful metric for understanding the likelihood of winning a raffle based on the number of tickets purchased.

Example Calculation 1

Let's assume the following values:

Total Raffle Tickets Bought (\(RTB\)) = 50
Total Raffle Tickets Sold (\(RTS\)) = 200

Using the formula:

Step 1: Divide the total tickets bought by the total tickets sold:

\[ \frac{RTB}{RTS} = \frac{50}{200} = 0.25 \]

Step 2: Multiply by 100 to get the percentage:

\[ RP = 0.25 \times 100 = 25\% \]

Example Calculation 2

Let's assume the following values:

Total Raffle Tickets Bought (\(RTB\)) = 75
Total Raffle Tickets Sold (\(RTS\)) = 300

Using the formula:

Step 1: Divide the total tickets bought by the total tickets sold:

\[ \frac{RTB}{RTS} = \frac{75}{300} = 0.25 \]

Step 2: Multiply by 100 to get the percentage:

\[ RP = 0.25 \times 100 = 25\% \]