Question

Four students about to purchase concert tickets for $20.00 for each ticket discover that they may purchase a block of 5 tickets for $85.00. How much would each of the 4 students save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block

Answer 1

Each student's contribution = $17

Each student will save $ 3

Explanation:

Cost of the block of 5 tickets is $85.00.

Dividing the $ 85 by 5 would give the equal amount each would have to contribute.

$ 85/5=$ 17

Each will have to pay $ 17 to buy a block of 5 tickets for $85.00.

We can find the amount each will save by subtracting the amount to be shared by the 5 students from the amount paid by the 4 students.

They will save

$ 20-$17=

$3

Each of them will save $3 if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block.