Three individuals contributed Tk. 8,000.00 each toward the puchase of a computer. If they bought the computer on sale for Tk. 19,500.00 plus 10 percent sales tax, how much money should be refunded to each individual?

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Satt Academy · Accepted Answer

Tk. 850 - Total contribution  =  3 x 8000  =  24000 TK
Cost of computer  =  19500   +   10% of 19500  =  19500   +   1950  =  21450 TK.
Excess contribution  =  24000  -  21450  =  2550 TK.
Refund to each  =  2550/3  =  850 TK.

Three individuals contributed Tk. 8,000.00 each toward the puchase of a computer. If they bought the computer on sale for Tk. 19,500.00 plus 10 percent sales tax, how much money should be refunded to each individual?

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