Let cost of present be P
Then each child pays
With 4 children dropping out, each of the remaining 16 (20 - 4) children will then pay,
We then get:
4P = 5P - 1.5(80) ------ Multiplying by LCD, 80
4P - 5P = - 1.5(80)
- P = - 1.5(80)
Cost of present, or