Processing math: 100%

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:

$RP = 0.25 \times 100 = 25\%$