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 $75.
B) Each person lost $10.
C) Each person lost $3,350.
D) Each person lost $25.
E) Each person lost $150.

Question

Quizplus · Accepted Answer

The total amount invested in the stamp collection is $700 x 6 = $4,200.
After a year, the value of the collection is $4,050.
Therefore, each person has lost $4,200 - $4,050 = $150.
So the answer is (E).

If 6 People Invest $700 Each in a Stamp Collection