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Liam had 250250. Then, he and his classmates bought a present for their teacher, evenly splitting the $p\$p cost among the 2424 of them. How much money does Liam have left? Write your answer as an expression.

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Q. Liam had 250250. Then, he and his classmates bought a present for their teacher, evenly splitting the $p\$p cost among the 2424 of them. How much money does Liam have left? Write your answer as an expression.
  1. Calculate Contribution Amount: Calculate the amount each student has to contribute for the present.\newlineSince the cost of the present is $p\$p and there are 2424 students, each student's contribution is $p24\$\frac{p}{24}.
  2. Subtract Liam's Contribution: Subtract Liam's contribution from his initial amount of money. Liam had $250\$250 initially, so after contributing his share for the present, he will have $250($p/24)\$250 - (\$p/24) left.
  3. Express Remaining Money: Express Liam's remaining amount of money as an algebraic expression.\newlineLiam's remaining money is $250($p24)\$250 - (\$\frac{p}{24}).

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