If 6 people invest $700 each in a stamp collection and after a year the collection is worth $4,050, how much did each person lose?
A)Each person lost $25.
B)Each person lost $75.
C)Each person lost $150.
D)Each person lost $3,350.
E)Each person lost $10.

Question

Quizplus · Accepted Answer

The total amount invested was 6 x $700 = $4,200. The collection is now worth $4,050, so the loss is $4,200 - $4,050 = $150. Each person lost $150 / 6 = $25.

If 6 People Invest $700 Each in a Stamp Collection