How do you divide money?

Dividing money involves separating a sum of money into smaller portions. The method depends on the desired outcome: equal shares, percentage-based splits, or using long division.

Dividing Money Equally

To divide money equally, you can use basic arithmetic. For example, if you want to split $100 between 5 people:

1. Divide the total amount ($100) by the number of recipients (5).
2. $100 / 5 = $20
3. Each person receives $20.

Dividing Money Using Percentages

If you need to divide money based on percentages (e.g., giving 20% to one person and 80% to another):

1. Convert the percentages to decimals (20% = 0.20, 80% = 0.80).
2. Multiply the total amount by each decimal.
   • If the total amount is $500:
     • Person 1: $500 * 0.20 = $100
     • Person 2: $500 * 0.80 = $400

Dividing Money Using Long Division

Long division is useful for dividing money precisely, especially when dealing with cents. The references provided outline the process:

1. Write the amount of money inside the long division bracket.
2. Write the number you're dividing by on the outside of the bracket.
3. Proceed with long division until you have dollars and cents, or dollars and cents with a remainder.

Example

Let's divide $14.50 by 5 using long division:

	$2.90
5	) $14.50
	- 10
	-------
	4 5
	- 4 5
	-------
	0 0
	- 0
	-------
	0

Therefore, $14.50 divided by 5 is $2.90. This follows the method provided in the references, using long division to precisely divide dollars and cents.

In summary, dividing money can be done through simple division for equal shares, percentages for proportional splits, or long division for precise dollar and cent calculations as shown in the references.