- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Settle This Facebook Math Problem
Posted on 9/20/17 at 12:44 am to pioneerbasketball
Posted on 9/20/17 at 12:44 am to pioneerbasketball
Why?
He took $70 out of pocket and made $90.
He spent $60
What kills me is the more I think of it, it seems like $10 profit but on paper it's $20.
He took $70 out of pocket and made $90.
He spent $60
What kills me is the more I think of it, it seems like $10 profit but on paper it's $20.
2
Posted on 9/20/17 at 12:46 am to Napoleon
quote:
What kills me is the more I think of it, it seems like $10 profit but on paper it's $20.
Same here.
Posted on 9/20/17 at 12:46 am to pioneerbasketball
quote:
You can't use a calculator per say for a definitive point.
quote:It doesn't matter if he "used his profit" or if he took out a loan or if he used a different array of twenty dollar bills to buy the same horse or a different horse or if he bought some shite on a stick.
Because the calculator will not factor in the fact that he used his profit in the transaction
Money is money and profit is profit. His purchases total $140 and his sales total $160. Nothing else at all matters, he made $20.
Posted on 9/20/17 at 12:47 am to Napoleon
He spent $60.
He gains $70.
He thus has gotten $10 extra dollars.
But then in order to buy the horse at $80 he must take $10 from profit else so he no longer is $10 up - he is even.
So then he sells the horse at $90 and is thus $10 up.
He gains $70.
He thus has gotten $10 extra dollars.
But then in order to buy the horse at $80 he must take $10 from profit else so he no longer is $10 up - he is even.
So then he sells the horse at $90 and is thus $10 up.
Posted on 9/20/17 at 12:47 am to pioneerbasketball
Business roll profit like this all the time.
He spent a total of $70 out of pocket.
He made $90.
He spent a total of $70 out of pocket.
He made $90.
Posted on 9/20/17 at 12:48 am to pioneerbasketball
quote:If I sell it back to you for $10, how much money did you spend on that beer?
Meet me at the bar, and I'll buy you a beer.
Posted on 9/20/17 at 12:51 am to Korkstand
What state are we in? Taxes? Tip The bartender? Cover Charge? draft or bottle? brand of beer?
Posted on 9/20/17 at 12:51 am to pioneerbasketball
Just so I can completely understand what you're saying, you're telling me if I walk into a building with $0. And I walk out of the building with $20 that I some how only made $10?
That's your position? Explain to me exactly how that would work. In what math equation does 0+20=10?
That's your position? Explain to me exactly how that would work. In what math equation does 0+20=10?
This post was edited on 9/20/17 at 12:55 am
Posted on 9/20/17 at 12:52 am to pioneerbasketball
quote:Yes, great.
He spent $60.
He gains $70.
He thus has gotten $10 extra dollars.
quote:See, what the frick are you doing here? At this point, he isn't even, nor is he up $10. He is $70 in the hole.
But then in order to buy the horse at $80 he must take $10 from profit else so he no longer is $10 up - he is even.
quote:According to your prior logic, if he was even and sold the horse at $90, he's up $90. But here you say he is somehow up $10.
So then he sells the horse at $90 and is thus $10 up.
He was $70 in the hole before he sold for $90, and $20 ahead after he sold for $90.
Posted on 9/20/17 at 12:53 am to pioneerbasketball
quote:
What state are we in? Taxes? Tip The bartender? Cover Charge? draft or bottle? brand of beer?
I hope this means you've been trolling all this time.
Posted on 9/20/17 at 12:54 am to pioneerbasketball
I give you $60 to borrow you promise to pay back $70.
I have -60 then +70. I am now +10 over the 60 I had before.
I take that 70, that was really 60 + 10 and then borrow 10 to have 80, now I have 80 bucks in total. (damn that does wipe out my profit). At this point I have put in 60+10 of my money because I spent 60 to buy the horse. Then put 10 on top of that. So I have now spent $70 of my money to make 90.
So I "made" 20.
It's still a 20 dollar profit.
I have -60 then +70. I am now +10 over the 60 I had before.
I take that 70, that was really 60 + 10 and then borrow 10 to have 80, now I have 80 bucks in total. (damn that does wipe out my profit). At this point I have put in 60+10 of my money because I spent 60 to buy the horse. Then put 10 on top of that. So I have now spent $70 of my money to make 90.
So I "made" 20.
It's still a 20 dollar profit.
Posted on 9/20/17 at 12:54 am to Korkstand
quote:
I hope this means you've been trolling all this time.
I never troll.
Posted on 9/20/17 at 12:55 am to pioneerbasketball
quote:
He spent $60.
He gains $70.
He thus has gotten $10 extra dollars.
But then in order to buy the horse at $80 he must take $10 from profit else so he no longer is $10 up - he is even.
So then he sells the horse at $90 and is thus $10 up.
How'd he manage to buy the horse at $60? From whence did he take that "$60 in profit?" Why do you think it matters? It doesn't. All that matters is the cash flows. There's no reason to think he's taking out a loan and paying interest or any of the other nonsense I've seen posted here. See my earlier posts for the correct way to think about it.Posted on 9/20/17 at 12:56 am to Napoleon
quote:Man, you somehow made it more complicated.
I give you $60 to borrow you promise to pay back $70.
I have -60 then +70. I am now +10 over the 60 I had before.
I take that 70, that was really 60 + 10 and then borrow 10 to have 80, now I have 80 bucks in total. (damn that does wipe out my profit). At this point I have put in 60+10 of my money because I spent 60 to buy the horse. Then put 10 on top of that. So I have now spent $70 of my money to make 90.
So I "made" 20.
It's still a 20 dollar profit.
I hope pioneer replies to your comment and says he gets it now.
Posted on 9/20/17 at 12:56 am to Psychoanalysis
no.
You can't buy and sell anything in $10 increments and gain a $20 profit.
You can't buy and sell anything in $10 increments and gain a $20 profit.
Posted on 9/20/17 at 12:57 am to pioneerbasketball
quote:
I never troll.
Posted on 9/20/17 at 12:57 am to pioneerbasketball
PB it's $20 dammit. If I'm wrong, I lose nothing.
Is this that rhetorical question they torture accounting students with?
Is this that rhetorical question they torture accounting students with?
Posted on 9/20/17 at 12:58 am to Korkstand
When I started the post I was sure it was 20, halfway through I started wavering. Then the math comes throught.
Fact he spent 60 and then 10 and that's it of his money.
He woke up that day with $70 and ended with $90.
He made $20.
Goodnight. lol
Fact he spent 60 and then 10 and that's it of his money.
He woke up that day with $70 and ended with $90.
He made $20.
Goodnight. lol
Posted on 9/20/17 at 1:00 am to Napoleon
goodnight. I'm sure the morning crew will get this figured out. 
Posted on 9/20/17 at 1:01 am to pioneerbasketball
I have a Dollar. I buy a toy.
I sell toy for $11. I made $10.
I buy toy for $10, I sell for $21. Are you saying I did not make $20??
I sell toy for $11. I made $10.
I buy toy for $10, I sell for $21. Are you saying I did not make $20??
Page 7 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News