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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] New post 11 Jun 2019, 02:42
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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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Re: Three individuals contributed $800 each toward the purchase [#permalink] New post 11 Jun 2019, 10:03
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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

Answer: B

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

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