Search for question

breath and then decided to structure e-tire entirely differently.

She eliminated the requirement for a fixed price, and instead allowed sellers and buyers to

negotiate a price via public text message on the site. Suppose that the sellers decided to follow

a simple rule: so long as there were unsold tires, they would cancel all transactions and try a

new price, 10 dollars lower than the previous price. Conversely, as long as there were buyers

without tires, they would cancel all transactions and try a new price, 10 dollars higher than the

previous price. So they next try a price of 60 dollars.

Question 5

Following the new rule, what is the final price at which buyers and sellers traded tires? $

Note: If needed, round to the nearest whole number. For example, if your solution to the

problem is $12,345.67, then submit 12,346 as your answer.

Fig: 1