Barry and Allen are moving and are no longer going to be roommates. They need to decide who will get the LCD TV they purchased together. Using the Method of Sealed Bids, Barry bids $500 and Allen bids $350 for the set. Since Barry's bid is higher, he gets the TV, and has to compensate Allen with cash. How much will he have to pay Allen in order to keep the division fair?

Barry and Allen are moving and are no longer going to be roommates. They need to decide who will get the LCD TV they purchased together. Using the Method of Sealed Bids, Barry bids $500 and Allen bids $350 for the set. Since Barry's bid is higher, he gets the TV, and has to compensate Allen with cash. How much will he have to pay Allen in order to keep the division fair?

Algebra and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

See similar textbooks

Similar questions

Donna had some candies. She kept half of the number of candies plus 3 candies. She gave the remaining candies to Jane. Jane ate 1/3 of the candies plus 4 candies. Then Jane gave the remaining candies to Kate. Kate ate 1/4 of the candies and had 42 candies left. How many candies did Donna have at first?
Suppose Nathan, Regina and Maxine go to a donut shop. Nathan buys 3 almond lover, 3 Bavarian kreme and 4 chocolate frosted donuts and ends up spending $14.40. Regina gets 6 of the almond lover, 7 Bavarian kreme and 3 chocolate frosted donuts for a total cost of $27.34. Lastly, Maxine spends $28.31 on 4 almond lover, 8 Bavarian kreme, and 7 chocolate frosted donuts. Assuming x = # of almond lover donuts, y = # of Bavarian kreme donuts, and 2 =# of chocolate frosted donuts, express the system of equations in augmented matrix form below: x y constant How much does each type of donut cost? Each almond lover donut costs $ Each Bavarian kreme donut costs $ Each chocolate frosted donut costs $
Morgan is traveling from Dallas, Texas to San Francisco, California. She has the choice of two airlines. She will check two bags, wants Wi-Fi access, and does not want a meal on the plane. She does not mind a layover if it will get her a better deal. Which of the following would be the best deal, and how much would she save? Sunset Airlines Autumn Airlines round-trip flight: $219 round-trip flight: $261 baggage fee: $20/bag each way baggage fee: first bag free, additional bags $20/bag each way service charge: $15 service charge: none Wi-Fi: $15 Wi-Fi:$20 meal: $15 meal: $10 layover: none layover: 1 for 1 hour
Jim, Mike, Bob, and Carlos are taking a road trip. They are taking turns paying for the gas. At the first gas stop, Jim pays $17. At the second stop, Mike pays $10. At the last stop, Carlos buys 19 worth of gas. If they are about sharing expenses, who owes money to who?
Ms. Rabin is throwing her mom a surprise birthday party. She sets a $700 budget for the venue and party favors. If the venue costs $310 and every party favor is $30, how many party favors can Ms. Rabin buy if she wants to meet or stay under her budget?
In the following illustration, which line has undefined slope? y 4 3 4 -3 -2 -1 1 2 3 -2 4 O line 1 O line 2 O line 3 O line 4
Peter wants to give his marble collection to his friends.if he gives 16 marbles to each friend.the remainder is 21 marbles.If he gives 20 marbles to each frien d he needs another 15 marbles.how many friends does he have in this problem
Suppose Meredith, Kelsey and Nina go to a donut shop. Meredith buys 3 apple crumb, 8 Boston creme and 2 cookies & cream donuts and ends up spending $29.82. Kelsey gets 3 of the apple crumb, 5 Boston creme and 7 cookies & cream donuts for a total cost of $35.95. Lastly, Nina spends $34.94 on 7 apple crunb, 3 Boston creme, and 6 cookies & cream donuts. How much does each type of donut cost? Each apple crumb donut costs $ Each Boston creme donut costs $ Each cookies & cream donut costs $
Camila and Mark are going to divide a laptop and a computer desk using the Method of Sealed Bids. They place the following bids on the items. Camila bids $226 on the laptop, and $71 on the desk. Mark bids $90 on the laptop, and $49 on the desk. Camila, with higher bids on both of them, will take both items. To make the division fair, how much money will she have to give to Mark?
After one year Jonny's two mutual funds returned a total of $14,370. The first fund returned 2% and the second, in which he had invested $16,000 more, returned 11%. What was the amount of Jonny's original investment? Jonny's original investment was $
Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner’s insurance policy is $600 for the coverage they need. Their insurance company offers a discount of 8 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 5 percent if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $105 each. At the local hardware store, smoke detectors cost $28 each, and the new house has two floors. Dave and Ellen can install the smoke detectors themselves. a. Assuming their insurance rates remain the same, how many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts? b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors?
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?