Final answer:
After collecting $8.75 from each of the 40 GT students, the total collected is $350. Subtracting the $120 museum admission fee leaves $230, which when divided equally among the students results in $5.75 available for each student's lunch.
Step-by-step explanation:
The problem presented involves calculating the amount of money each GT student will be able to spend on lunch after paying admission to the museum. Since there are 40 GT students and each pays $8.75, we first calculate the total amount of money collected, which is 40 students multiplied by $8.75 per student.
Next, we subtract the $120 admission fee for the students from the total to find out how much money is left for lunch. Finally, we divide the remaining amount by the number of students to determine how much each student gets for lunch.
Step-by-Step Solution:
Calculate the total amount paid by the students: 40 students × $8.75/student = $350
Subtract the admission fee: $350 - $120 = $230
Divide the remaining money by the number of students: $230 ÷ 40 students = $5.75 per student for lunch
Each GT student will have $5.75 to spend on lunch.