Four people went treasure hunting and found Captain Hook's Hook. They decided to use the method of Sealed Bids to divide their new found wealth among themselves. The bids are given in the table below:

Bidder	A	B	C	D
Bid Amount	11200	12800	9600	6400

1. Who gets to keep the Hook?
2. How much money should the person who gets the Hook put into the Kitty?
3. What is the total amount of money the person who gets the Hook has to give to the other three people?
4. How much money does D get after everything is settled?

Answer rating: 100% (QA)

Bidder A B C D Bid Amount 11200 12800 9600 6400 Fair share 2800 ... View the full answer