Three individuals contributed Tk. 8000 each toward the purchase of a computer. If they bought the computer on sale for Tk. 19500 plus 10% sales tax, how much money should be refunded to each individual ?

A Tk. 650
B Tk. 850
C Tk. 1500
D Tk. 1950

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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