Furniture Cost Split

Question

I moved into an apartment with 3 others (we'll call them N, A, and K) last year. We all bought furniture together in the hopes that we would live there for a while. We didn't.

Each of us spent $176 each TOTAL on all the pieces ($705 grand total). We rounded to $180 to make the math easier. We bought a $300 couch, $200 entertainment center, $25 coffee table, $80 dining table, and $100 patio set.

When K moved out, N, A and myself paid him $60 out of each of our pockets. This recouped his $180 share of the furniture. It all stayed at the house.

When A moved out, N and myself paid him $90 out of each of our pockets. This recouped his $180 share of the furniture. It all stayed at the house.

Now I am moving out. When I move, if the furniture all stayed at the house, N would owe me $180 out of her pocket. This would recouped my $180 share of the furniture. However, I am taking the couch and coffee table with me. If I am taking these things, I will deduct their cost from the $180. Couch share was $75, coffee table share was $6. $180 - $75 - $6 = $99. So when I move, and take the couch and table with me, N will pay me $99 to keep the rest of the things.

Is this math correct? She is stating that she owes me $28. I am unsure of where she got that number and how to proceed. PLS HALP MATH NERDS!!!!

Answer 1

For heaven's sake, the next time you buy furniture, buy it yourself.  Each person should have bought whatever furniture he or she wanted, so that ownership was straightforward.

 

In this case, the other person's claim of $28 should be documented and then you can critique it.  In other words, you show your computation, step by step, and subject it to objective, reasonable analysis.

 

There was no need to muddy the waters by rounding up original shares to $180.  ARITHMETIC works very well with $705 ÷ 4 = $176.25, and precise accounting should have been done from the beginning.

Answer 2

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Answer 3

 

 

So There are 2 of you remaining, so each of you have 1/2 the original value vested on each item.

 

The original cost of the items:

 

    Couch ............>  300 ... you are keeping this, so you owe her 1/2 the cost ... net gain =  -150

    Coffee Table ...>    25 ... you are keeping this, so you owe her 1/2 the cost ... net gain =    -12.50

    Entertainment

    Center ...........>  200 ... she is keeping this, so she owes you 1/2 the cost .... net gain =  +100

    Dinette Set ....>  80 .... she is keeping this, so she owes you 1/2 the cost ...  net gain =    +40

    Patio set .........> 100 ... she is keeping this, so she owes you 1/2 the cost .... net gain =    +50

 

Adding these up ...

   -150 + -12.50 + 100 + 40 + 50 = $27.50

 

So She owes you $27.50