A group of friends decided to divide the $1,000 cost of a trip equally among themselves. When one of the friends decided not to go on the trip, those remaining still divided the $1,000 cost equally, but
each friend's share of the cost increased by $50. How many friends were in the group originally?
The description of the situation can be modeled by the difference of rates:
$$ \text{new rate} - \text{old rate} = \$50 $$
The rate is equal to the total cost divided by the number of friends. If \(f\) is the number of friends originally,
$$ \text{new rate}=\frac{\$1{,}000}{F-1} $$
$$ \text{old rate}=\frac{\$1{,}000}{F} $$
Putting it all together:
$$ \frac{1{,}000}{F-1} - \frac{1{,}000}{F}=50 $$
$$ \frac{1{,}000}{F-1}\cdot \frac{F}{F} - \frac{1{,}000}{F}\cdot \frac{F-1}{F-1}=50 $$
$$ \frac{1{,}000F-(1{,}000F-1{,}000)}{F(F-1)} =50$$
$$ \frac{1{,}000}{F^2-F}=50 $$
$$ \frac{20}{F^2-F}=1 $$
$$ F^2-F-20=0 $$
$$ (F-5)(F+4)=0 $$
$$ F=\boxed{5} $$
Once you've confirmed your rate expresions, we can just try different values of \(F\) and check if the difference is $50.
$$ \text{new rate}=\frac{\$1{,}000}{F-1} $$
$$ \text{old rate}=\frac{\$1{,}000}{F} $$
We can also check for whole integer answers since we need to obtain a difference of $50.
$$ \text{for }F=5$$
 
$$ \text{new rate}=\frac{\$1{,}000}{5-1} $$
$$ = \$200 $$
 
$$ \text{old rate}=\frac{\$1{,}000}{4} $$
$$ =\$250 $$
$$ 250-200=50   \checkmark$$