Find how much tiong sang withhold from the grand prize

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Reference no: EM132717279

Tiong Sang Department Store conducted a sales promotion where customer purchases exceeding P1,000 in one transaction shall be entitled to a ticket for a chance to win P500, 000 raffle prize. Mr. Shing won the prize.

Problem 1: How much shall Tiong Sang withhold from the grand prize?

a. P 200, 000

b. P 100, 000

c. P 50, 000

d. P 0

 

Reference no: EM132717279

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