Question

In a class action suit against a large corporation, a group of 5675 plaintiffs won 4.9 billion dollars. If the attorney fees were 40% of the settlement, how much did each plaintiff receive?

Answer 1

Answer:the amount received by each plaintiff is $518061.7

Explanation:

A group of 5675 plaintiffs won 4.9 billion dollars in a class action suit against a large corporation.

If the attorney fees were 40% of the settlement, it means that the amount that was received by the attorney would be

40/100 × 4900000000 = 0.4 × 4900000000 = $1960000000

The amount received by the group of 5675 plaintiffs would be

4900000000 - 1960000000 = $2940000000

Therefore, the amount received by each plaintiff would be

2940000000/ 5675 = $518061.7