Chuck and Mike need to divide a couch and a pool table. Using the Method of Sealed Bids, they place the following bids on the items. Chuck bids $454 on the couch, and $82 on the pool table. Mike bids $101 on the couch, and $143 on the pool table. Chuck will get the couch.  Mike will take the pool table and will also get a little bit of money from Chuck. To make the division fair, how much money will Chuck have to give to Mike?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.5: Counting Principles
Problem 44SE: Hector wants to place billboard advertisements throughout the county for his new business. How many...
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Chuck and Mike need to divide a couch and a pool table. Using the Method of Sealed Bids, they place the following bids on the items.

  • Chuck bids $454 on the couch, and $82 on the pool table.
  • Mike bids $101 on the couch, and $143 on the pool table.

Chuck will get the couch.  Mike will take the pool table and will also get a little bit of money from Chuck. To make the division fair, how much money will Chuck have to give to Mike?

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