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# Three individuals contributed \$800 each toward the purchase

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Three individuals contributed \$800 each toward the purchase [#permalink]  11 Jun 2019, 02:42
Expert's post
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Question Stats:

100% (00:25) correct 0% (00:00) wrong based on 4 sessions
Three individuals contributed \$800 each toward the purchase of a computer. If they bought the computer on sale for \$1,950 plus 10 percent sales tax, how much money should be refunded to each individual?

(A) \$65

(B) \$85

(C) \$150

(D) \$195

(E) \$255
[Reveal] Spoiler: OA

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GRE Instructor
Joined: 10 Apr 2015
Posts: 2386
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Kudos [?]: 2355 [1] , given: 33

Re: Three individuals contributed \$800 each toward the purchase [#permalink]  11 Jun 2019, 10:03
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Expert's post
Carcass wrote:
Three individuals contributed \$800 each toward the purchase of a computer. If they bought the computer on sale for \$1,950 plus 10 percent sales tax, how much money should be refunded to each individual?

(A) \$65

(B) \$85

(C) \$150

(D) \$195

(E) \$255

10% of \$1,950 = \$195

So, the total cost (including tax) = \$1,950 + \$195 = \$2145

If there are 3 people contributing, the cost per person = \$2145 ÷ 3 = \$715

Since each person contributed \$800, the refund (per person) = \$800 - \$715 = \$85

Cheers,
Brent
_________________

Brent Hanneson – Creator of greenlighttestprep.com

Re: Three individuals contributed \$800 each toward the purchase   [#permalink] 11 Jun 2019, 10:03
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