Beanie Wishes to Purchase Cecil's House

Multiple Choice

Beanie wishes 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 Beanies gain by 7 percent and reduces Cecil's gain by 3 percent. If there is no limit to the number of bargaining rounds, what percentage of the bargaining surplus should Cecil receive?

A) Around 47 percent.
B) Around 56 percent.
C) Around 69 percent.
D) Around 72 percent.
E) Around 77 percent.