A group of 12 friends bought a boat costing $5,424. Each of the friends paid an equal share of the cost. How much did each person pay?

1 answer

To find out how much each person paid, we need to divide the total cost of the boat by the number of friends in the group.

Total cost of the boat = $5,424
Number of friends = 12

Each person paid $5,424 / 12 = $<<5424/12=452>>452