A new video gaming system was auctioned on the Internet. The starting bid was $100. The second bid was 135% of the first bid. The third bid was 257% of the second bid. There were then five more bids, each 10 1/2 % over the previous bid. The winning bid came with only seconds left and was only 0.1% greater than the previous bid. What was the winning bid? What assumptions did you make to arrive at your answer?
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Answer for your question is 200
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