Question 5 2 pts
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 $406 on the couch, and $94 on the pool table.
• Mike bids $180 on the couch, and $199 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?
Be sure to compute your answer to the nearest cent.
Do not include a $ sign with your response.