The 7-11 Problem

A man goes into a 7-11 store, buys four items, and notices that the bill totals $7.11. Even more interestingly, the product of the four prices is 7.11. What are the prices?

The answer is $1.20, $1.25, $1.50, and $3.16. There’s no thunderbolt insight to find; the problem yields to patient consideration.

Who came up with it? The most common credit I’ve seen is Doug Brumbaugh of the University of Central Florida. I found it in Crux Mathematicorum; see problem M203 in the September 2006 issue for Richard K. Guy’s solution.