SOLUTION: If a friend and I each pay 50% for a $100 restaurant gift card being sold at 20% off and spend $80 at the restaurant leaving $20 on the card and I want to buy his portion if the re
Algebra ->
Customizable Word Problem Solvers
-> Finance
-> SOLUTION: If a friend and I each pay 50% for a $100 restaurant gift card being sold at 20% off and spend $80 at the restaurant leaving $20 on the card and I want to buy his portion if the re
Log On
Question 1005180: If a friend and I each pay 50% for a $100 restaurant gift card being sold at 20% off and spend $80 at the restaurant leaving $20 on the card and I want to buy his portion if the remainder on the gift card, how much would I pay him so neither one of us makes a profit. Answer by stanbon(75887) (Show Source):
You can put this solution on YOUR website! If a friend and I each pay 50% for a $100 restaurant gift card being sold at 20% off and spend $80 at the restaurant leaving $20 on the card and I want to buy his portion if the remainder on the gift card, how much would I pay him so neither one of us makes a profit.
----
Card Value at start:: $100
Value after restaurant:: $20
---
Amount to pay him:: $10
----------------
Cheers,
Stan H.
---------