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Forums - General Discussion - Can anyone help me with this?

It's sort of a math riddle? I believe I"m over-thinking it. I feel so stupid...this is why I wasn't crazy about professor Layton.

A dealer bought an item for $7, sold it for $8, bought it back for $9, and sold it for $10. How much profit did she make.

Thanks in advance. I know VGchartz has some brilliant minds :)

 

NVM. I think I got it. It was stupid of me to put it here. x] Can I delete my own thread? Sorry

 



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I suck at math so this is pretty much a free post.



2 dollars

0-7+8-9+10



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2 Dollars.

1. Bought it for 7 (down 7 dollars)

2. Sold it for 8 (up 1 dollar)

3. Bought it for 9 (down 8 dollars)

4. Sold it for 10 (up 2 dollars)



I believe that's wrong.

You just simply subtract the first from the last


$10 - $7 = $3

Am I right?



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Edit: I checked myself.

If they started out with $10 in their wallet, they end up with $12



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GamingChartzFTW said:

I believe that's wrong.

You just simply subtract the first from the last


$10 - $7 = $3

Am I right?

This doesn't work because it ignores what happened inbetween.

Apart from the maths equation you can also simply think of what happened after dealer sold for $8 - they bought for $9, hence investing an extra dollar.
Or simply think of it as buying and selling two separate products since it doesn't really matter.

 



Thanks for your help! I wasn't sure I was right, but you guys confirmed it! I've got others...but they're a little long. Unless you guys want to :)



3DS FC: 1306 6473 7511

Nintendod Network ID: xsorenx

Add me for Pokemon, New Leaf, and Fire Emblem, Mario Kart 8.

Hyperion said:
Thanks for your help! I wasn't sure I was right, but you guys confirmed it! I've got others...but they're a little long. Unless you guys want to :)

:D