Math Problem Statement
Al, bel and cal jointly own a fruit stand. They can't get along anymore and decide to break up the partnership using the method of sealed bids, with the understanding that one of them will get the fruit stand and the other two will get cash. Al bids 144 dollars, ben bids 141 and cal bids 156. how much money do al and ben receive from cal for their one-thirds share
Solution
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Math Problem Analysis
Mathematical Concepts
Fair Division
Sealed-Bid Method
Proportional Distribution
Formulas
Fair Share for Each = Total Bid / Number of Partners
Amount Paid to Each Partner = Fair Share
Theorems
Fair Division Theorem
Suitable Grade Level
Grades 9-12
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