Three individuals contributed Tk. 8000.00 each toward the purchase 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?

Three individuals contributed Tk. 8000.00 each toward the purchase 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? Correct 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.
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