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| Topic: Do You Still Remember? Can You Solve This? | |
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A trader bought 100 oranges at 5 for $1.20, 20 oranges got spoilt and the remaining were sold at 4 for $150. Find the percentage gain or loss
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Not suprised that there isnt a response to this 'game'. Its isnt sex topic, lol!!. Maths isnt easy stuff either and IQ isnt determined by color of skin.Hahahahahahahahahahahahaha
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uche9aa stated >>>
A trader bought 100 oranges at 5 for $1.20, 20 oranges got spoilt and the remaining were sold at 4 for $150. Find the percentage gain or loss Well, excuse me if I question this post; but the 4 @ $150. either seems like a mistake in the placement of the decimal point or the percentage of gain would be a redundant question sense he's already marked up his product to a point that he'd never sell those oranges!!! He'd either have to eat his 80 remaining before they spoiled or give them away or slice them up for the birds/chickens to enjoy! |
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Edited by
uche9aa
on
Tue 05/05/15 06:39 AM
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uche9aa stated >>>
A trader bought 100 oranges at 5 for $1.20, 20 oranges got spoilt and the remaining were sold at 4 for $150. Find the percentage gain or loss Well, excuse me if I question this post; but the 4 @ $150. either seems like a mistake in the placement of the decimal point or the percentage of gain would be a redundant question sense he's already marked up his product to a point that he'd never sell those oranges!!! He'd either have to eat his 80 remaining before they spoiled or give them away or slice them up for the birds/chickens to enjoy! |
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Id say 100% loss at those prices! Lol
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Id say 100% loss at those prices! Lol |
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Assuming he found a buyer at those prices the net gain is 14605% ROI. Also, I'd like to find the market he's selling this stuff to and see if they want some apples.
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Assuming he found a buyer at those prices the net gain is 14605% ROI. Also, I'd like to find the market he's selling this stuff to and see if they want some apples. |
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A trader bought 100 oranges at 5 for $1.20, 20 oranges got spoilt and the remaining were sold at 4 for $150. Find the percentage gain or loss is this a serious economics question? or another one of those, "gotcha" problems? i will dip my foot in the water... assuming that you are referring to profit gained or loss..20% of the oranges was loss due to spoiling, so 20% of potential profit was also loss |
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A trader bought 100 oranges at 5 for $1.20, 20 oranges got spoilt and the remaining were sold at 4 for $150. Find the percentage gain or loss is this a serious economics question? or another one of those, "gotcha" problems? i will dip my foot in the water... assuming that you are referring to profit gained or loss..20% of the oranges was loss due to spoiling, so 20% of potential profit was also loss |
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Edited by
Pansytilly
on
Tue 05/05/15 11:23 AM
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Mmm..no equation...just eyeballing all the numbers...since i wasnt sure if this was indeed a serious economics/math problem... 20 oranges out of a hundred is 20%... 5 oranges were grouped together to be sold. Which is 20 sets of 5... 5x20=100 The remaining 80 oranges were grouped into 4's. Which is also 20 sets... 4x20=80 So...20 percent if you switch all the numbers around... Whats the answer suppose to be anyway?? |
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Mmm..no equation...just eyeballing all the numbers...since i wasnt sure if this was indeed a serious economics/math problem... 20 oranges out of a hundred is 20%... 5 oranges were grouped together to be sold. Which is 20 sets of 5... 5x20=100 The remaining 80 oranges were grouped into 4's. Which is also 20 sets... 4x20=80 So...20 percent if you switch all the numbers around... Whats the answer suppose to be anyway?? |
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Can you please confirm the selkung price? Is it onehundredfifty bollars or one dillar and fifty cents?
That possible typo will seriously change the answer. |
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125% profit because you stated; the remaining 80 'he sold 4 @ $150.'...I neglected to see that there wasn't anymore spoilage in your story board.
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Edited by
eric22t
on
Tue 05/05/15 12:07 PM
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Three possible answers that i see
A) 20% loss of product B) at &150.00per you would gain1250%of your investment C) at$1.50 per you would gain 25% of yourinvestment With the typo corrected please diregard answer B |
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Mmm..no equation...just eyeballing all the numbers...since i wasnt sure if this was indeed a serious economics/math problem... 20 oranges out of a hundred is 20%... 5 oranges were grouped together to be sold. Which is 20 sets of 5... 5x20=100 The remaining 80 oranges were grouped into 4's. Which is also 20 sets... 4x20=80 So...20 percent if you switch all the numbers around... Whats the answer suppose to be anyway?? Lol...ok...i will dip more than my foot in it when i wake up later...night all  
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Edited by
prithvii1989
on
Tue 05/05/15 12:24 PM
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gain is 25 %. (after correction of the question)
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Can you please confirm the selkung price? Is it onehundredfifty bollars or one dillar and fifty cents? That possible typo will seriously change the answer. |
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Three possible answers that i see A) 20% loss of product B) at &150.00per you would gain1250%of your investment C) at$1.50 per you would gain 25% of yourinvestment |
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Three possible answers that i see A) 20% loss of product B) at &150.00per you would gain1250%of your investment C) at$1.50 per you would gain 25% of yourinvestment You can doff the hat, but he's wrong. The cost of the oranges is 20.40, the cost of the spoilage (which must be absorbed into the overall cost as a loss) is 4.08 for a total cost of 24.48. The recouped sales is 30.00, for a total profit of 5.52. Your realized gain (according to the "new" sales price) is only 22.5% Which isn't all that bad really. |
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