If 8 people invest each in a stamp collection and after a year the collection is worth $3,800, how much did each person lose? show work​

This question is incomplete, the complete question is;

If 8 people invest $500 each in a stamp collection and after a year the collection is worth $3,800, how much did each person lose? show work​

Each person lost $25

Step-by-step explanation:

Given the data in the question;

Number people that invested = 8

Amount each invested = $500

worth after a year the collection = $3,800

Now, the amount each person lost will be;

= Total loss / total number of persons

= [ ( 500 × 8 ) - 3800 ] / 8

= [ 4000 - 3800 ] / 8

= 200 / 8

= 25

Therefore, each person lost $25

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step-by-step explanation: