Lily has 5 lottery tickets to sell. She sells the first ticket for $1. She then sells each successive ticket for a dollar more than the previous ticket. She plans to keep a $4 profit and give the remaining money as the prize. How much money will the winner of the lottery receive? Give me reasons, before answering the question
The second ticket sold will cost $1 + $1 = $2. The third ticket sold will cost $2 + $1 = $3. The fourth ticket sold will cost $3 + $1 = $4. The fifth ticket sold will cost $4 + $1 = $5. The total money collected is $1 + $2 + $3 + $4 + $5 = $15. After taking profit, the total prize money will be $15 - $4 = $11. So the final answer is 11.