20 teachers made a bulk purchase of some textbooks. The teachers received a 24% discount for the bulk purchase, which originally cost $5230. Assuming the cost was divided equally among the teachers, how much did each teacher pay?
Calculate Discount Percent:
If the teachers got a 24% discount, that means they paid:
100% - 24% = 76%
76% as a decimal = 0.76 (Discount Percent)
Calculate discount price:
Discount Price = Full Price * (Discount Percent)
Discount Price = 5230 * 0.76
Discount Price = 3974.80
Price per teacher = Discount Price / Number of Teachers
Price per teacher = 3974.80 / 20
Price per teacher = $198.74
Calculate Discount Percent:
If the teachers got a 24% discount, that means they paid:
100% - 24% = 76%
76% as a decimal = 0.76 (Discount Percent)
Calculate discount price:
Discount Price = Full Price * (Discount Percent)
Discount Price = 5230 * 0.76
Discount Price = 3974.80
Price per teacher = Discount Price / Number of Teachers
Price per teacher = 3974.80 / 20
Price per teacher = $198.74