Anne, Bette, and Chia own a flower shop. 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 flower shop and the other two will get cash. Anne bids $300000, Bette bids $360000, and Chia bids $330,000. How much money do Anne and Chia each get from Bette for their third share of the flower shop?

Anne = $110,000

Chia = $120,000

Step-by-step explanation:

Given the following :

Anne's bid = $300000

Bette's bid = $360000

Chia's bid = $330,000

Bette has the highest bid = she gets the flower shop

Value earned by Anne and Chia = 0

Fair share value :

Bid / number of partners

Anne = $300,000 / 3 = $100,000

Bette = $360,000 / 3 = $120,000

Chia = $330,000 / 3 = $110,000

Hence, value earned - fair share value ;

Anne = (0 - 100,000) = ($100,000)

Bette = (360,000 - 120,000) = $240,000

Chia = (0 - 110,000) = ($110,000)

Surplus :

$240,000 - ($100,000 + $110,000)

$240,000 - $210,000

= $30,000

Surplus/ number of partners

$30,000 / 3 = $10,000

Amount paid by Bette to:

Anne = $100,000 + $10,000 = $110,000

Chia = $110,000 + $10,000 = $120,000

c

step-by-step explanation:

i think because what else can be a sample of every member

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