Question: Josh gets together with 7 friends.  Everyone including him puts 5 dollars into a pot.  First place gets 80% of the money.  Second and third place split the rest.  How much money does third place get?
Solution:
7+1=8 people threw money into the pot.
So the amount of money in the pot is 8*5=$40.
First place gets 40*.8=$32
So there is 40-32=$8 left in the pot after first place gets his cut
So third place gets 8/2=$4
Answer: 4