Question

You win an online auction for a toy. Your winning bid was $52 is 65% of your maximum bid. How much more were you willing to pay for the toy than you actually paid? (Please tell how you got the answer).

Answer 1

To find the amount you were willing to pay for the toy, subtract your winning bid from your maximum bid.

Step-by-step explanation:

To find out how much more you were willing to pay for the toy than you actually paid, you can first calculate your maximum bid. Since your winning bid was 65% of your maximum bid, you can set up the equation 0.65x = 52, where x represents your maximum bid. To solve for x, divide both sides of the equation by 0.65. x = 52 / 0.65 = 80. So, your maximum bid was $80. To find out how much more you were willing to pay, subtract your winning bid from your maximum bid: 80 - 52 = $28. Therefore, you were willing to pay $28 more for the toy than you actually paid.