You and your friends Chris and Robin have been doing some up-front work in starting up a new business. You havenÕt been paid yet for your work, but you have just learned that youÕre getting some financial backing.
You need to divide up the money to pay yourselves for your work. You and Chris have done most of the work. You agree that you should get 1/2 of the pay and Chris should get 1/3, leaving the rest to Robin.
How much more is your pay than Chris's?
Can't tell; don't know amounts.
Have you used this problem with a class and seen approaches other than(or more specific than) those mentioned above? Or do you have other comments or criticisms or stories? If so, please tell us!
Last updated 30 November, 2004