Question

You borrow $50 from mom and $50 from dad. You buy a shirt for $97 and get back $3 in change. You give $1 back to mom and $1 back to dad. You keep $1 for yourself.

Now you owe each of your parents $49.

$49+$49=$98 You still have $1. $98+$1=$99.

Answer 1

Explained below.

Explanation:

Given information: You borrow $50 from mom and $50 from dad.

Rate of the shirt = $97.

Amount kept by yourself = $1.

Total amount = Rate of the shirt + Amount kept by yourself = $97+$1 = $98.

Therefore, you owe each of your parents $49.

Total amount owed by parents = $49+$49 = $98.

Amount refunded to parents = $1+$1 = $2.

Total amount was $50+ $50.

Therefore, $98 + $2 = $100.