Five bags of chips cost $5 x 3 = $<<5*3=15>>15.

So each bag of chips costs $15/5 = $<<15/5=3>>3.

# Answer

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Question:
Three friends agreed to pay an equal amount of money for buying 5 bags of chips. If they each pay $5, how much does each bag of chips cost?
Answer:
Let's think step by step.

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3
Three friends agreed to pay an equal amount of money for buying 5 bags of chips. If they each pay $5, how much does each bag of chips cost?
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