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?

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,...
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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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