Questions on Word Problems: Money, Business and Interest answered by real tutors!

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Question 147706: 4 students about to purchase concert tickets for 18.50 for each ticket discover that they may purchase a block of 5 tickets for 80.00. how much would each of the 4 save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block?
a)1.50
b)2.50
c)3.13
d)10.00
e)12.50: 4 students about to purchase concert tickets for 18.50 for each ticket discover that they may purchase a block of 5 tickets for 80.00. how much would each of the 4 save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block?
a)1.50
b)2.50
c)3.13
d)10.00
e)12.50
Answer by stanbon(18046) About Me  (Show Source):
You can put this solution on YOUR website!
4 students about to purchase concert tickets for 18.50 for each ticket discover that they may purchase a block of 5 tickets for 80.00. how much would each of the 4 save if they can get a fifth person to join them and the 5 people equally divide the price of the 5-ticket block?
a)1.50
b)2.50
c)3.13
d)10.00
e)12.50
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Original Plan:
18.50 per person
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New plan:
80/5 = 16 per person
-------------------
Savings per person: 2.50
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Cheers,
Stan H.