SOLUTION: Please help me solve this word problem. Four students about to purchase concert tickets for $18.50 for each ticket discover that they may purchase a block of 5 tickets for $80.0

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Question 740577: Please help me solve this word problem.
Four 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?

Answer by CubeyThePenguin(3113) About Me  (Show Source):
You can put this solution on YOUR website!
five people individual = (18.50)(5) = 92.50

five people together: 80

92.5 - 80 = $12.50 saved