Thursday, 29 October 2015

Can You Count - Financial Literacy 001.1

A Financial Literacy Test
Can you actually count?

3 friends went to a buffet.  Each contributed $10.  One of them collected the money and paid the cashier $30.  At the end of the meal, the cashier realized that the restaurant has a special buffet offer of just $25 for a group of 3 persons.  The cashier refunded $5 to the friends.  The 3 friends were so happy that they decided to give the cashier a tip of $2, and then divided the remaining $3 equally among them; with each receiving $1.   Each one of them therefore actually paid only $9 for their share of the buffet, making a total of $27.  When added the $2 tip to the cashier, the total spent was only $29. 

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