Sharing & Splitting Costs: Who Owes Who?

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  • Thread starter Thread starter Kyle32141234123
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SUMMARY

In the discussion titled "Sharing & Splitting Costs: Who Owes Who?", three roommates—Satan, Eve, and Adam—shared household expenses totaling $72. Each roommate's contribution was calculated against the average expense of $24 per person. Satan owes $12, Adam owes $3, and Eve reimburses both Satan and Adam, totaling $24. This straightforward calculation illustrates the process of expense sharing among roommates.

PREREQUISITES
  • Basic understanding of arithmetic operations (addition, subtraction).
  • Familiarity with cost-sharing concepts.
  • Knowledge of ledger management for tracking expenses.
  • Ability to calculate averages.
NEXT STEPS
  • Research methods for tracking shared expenses using tools like Splitwise.
  • Learn about different cost-sharing models for roommates.
  • Explore budgeting techniques for household management.
  • Investigate legal agreements for shared living arrangements.
USEFUL FOR

This discussion is beneficial for roommates, financial planners, and anyone involved in shared living situations looking to manage and split costs effectively.

Kyle32141234123
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Three roommates share household supplies and split the costs. Each buys items and adds the items to the ledger. At the end of the month they reimburse each other for expenses on the ledger.

Satan spent 36

Eve spent 9

Adam spent 27

Who owes who what?

Note: They share costs at a rate of about 30% or 1/3 (divide by 3)

[Mods if I am in the wrong subforum pls move me]
 
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Kyle32141234123 said:
Three roommates share household supplies and split the costs. Each buys items and adds the items to the ledger. At the end of the month they reimburse each other for expenses on the ledger.

Satan spent 36

Eve spent 9

Adam spent 27

Who owes who what?

Note: They share costs at a rate of about 30% or 1/3 (divide by 3)

[Mods if I am in the wrong subforum pls move me]
That's quite a simple li'l problem; wonder why it was written up so confusingly!

36 + 9 + 27 = 72
72 / 3 = 24

Satan: 36 - 24 = 12 reimbursement
Adam: 27 - 24 = 3 reimbursement
Eve: 9 + 12 + 3 = 24 (she reimburses both guys!)
 

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