Answer:
$28
Step-by-step explanation:
Given that:
Value of Winning bid = $52
Winning bid 65% of the maximum bid.
To find:
How much more is the maximum bid from the winning bid ?
Solution:
We are given that the winning bid is 65% of the maximum bid.
Using this percentage value, we need to first find the value of maximum bid and then we need to subtract the value of winning bid from the maximum bid to find the answer.
Let the value of maximum bid = $
As per question statement:
Therefore, maximum bid = $80
Our answer is:
$80 - $52 = <em>$28</em>