Answer:
$37.50
Step-by-step explanation:
Step 1 :
Total amount to be collected = $ 150
Step 2 :
Total number of participants = 4
Step 3:
Contribution by each partner = Total amount / number of participant
Step 4 :
Contribution = 150/4
= 37.50
Step 5 :
Per member contribution is $37.50
Hence we can see that in order to collect $150 by 4 friends , each one of them needs to contribute $37.50