Beanie Wants to Purchase Cecil's House

Multiple Choice

Beanie wants to purchase Cecil's house. The most that Beanie is willing to pay is $300,000. The least that Cecil is willing to accept is $250,000. Suppose that any failure to reach an agreement reduces Beanie's and Cecil's gain by 7 percent. If there is no limit to the number of bargaining rounds, what percentage of the bargaining surplus should Cecil receive?

A) Around 44 percent.
B) Around 46 percent.
C) Around 48 percent.
D) Around 50 percent.
E) Around 52 percent.