One simple math question that many people will not answer correctly

[Extraordinary_5]

Was surfing another forum and find it funny that many people who claimed to be scientist or engineer got this question wrong, this type of questions are type of sample math questions that could be found in third grade elementary math class in Chinese schools...

Anyway, let see how many "smart" people are here in the RX since we're always dealing with math and stats...


A person bought a chicken for 5 dollars and sold it later for 7 dollars. He then felt he could do better, so he bought it back for 9 dollars and sold it to another person for 12 dollars. How much money did he make?

:lol:

 

[arniesarmy]

OK, I'll be the first rube. He spent $14 on it and gained $19, so he made $5. Where did I go wrong?

 

[Seymour]

He made $5 - now come in and give me the bullshit reason why he did not.

 

[mickj]

$3

 

[Presto]

If he sold that shit in China, he made next to nothing. If he sold it in France, he's in the hole.

 

[Extraordinary_5]

three people already got two different answer, and one stupid dumbie answer.

That's why this is fun...

Now come on, WVU, sean1, Icemen, Chop, and .......

 

[beenlosing4ever]

This is a common sense question. Anyone that doesn't get $5 is a dumbass....

 

[Valuebets]

I'm thinking its +5 dollars.

First transaction
-5+7 = +2

Second transaction
-9+12 = +3

So net gain is +5

 

[Valuebets]

Actually, I think I remember this question back from elementary school but I think the values were alittle different.

Think it was like he bought it for $8 and sold it for $9 then rebought it for $10 and sold it for $11. I remember it because half the class said it was zero profit and the other half said it was $2 profit. The correct answer was $2 profit.

So if my memory serves me right, the answer to this question should be +$5.

 

[joeyfitzclick]

$5 - 7% sales tax .98 = $4.02

 

[MIKEY.1TIME]

well if "he", is a chinese persons first name, which should of been capitalized, then " he" made 3 bucks.

 

[mike0187]

this thread is fucking stupid

the obvious answer is $5 of net profit

he "made" $19 total, not including his costs

he "made" $12 on his final sale, and netted $3 on the final sale

now just tell us the answer you were looking for and end the official dumbest thread in the history of the RX

 

[mike0187]

ok im just kidding it wasn't that stupid you didn't mean any harm...but it was dumb

$5

 

[WVU]

he made 2 bucks on the first sale and 3 bucks on the second so 5 bucks. if i am wrong then I am stupid

 

[goodcall]

$2 on the first transaction
$3 on the second

$2 + $3 = $5...I think
What's the trick?

 

[WCBias]

$3 people, he spent $2 more to buy it back, erasing his profits. Look at it like this...where did he get the extra $2.00 to buy the chicken back for $9? Out of his wallet, which means he made no money on the first transaction

 

[Hookandcrook+]

$2 on the first transaction
$3 on the second

$2 + $3 = $5...I think
What's the trick?

But he lost $2.00 on the buy back so I say $3.00

 

[mike0187]

Wiping out profits when he rebuys it has nothing to do with it

say he starts with $100

$100-5=95 when he originally buys
95+7=102 when he sells for profit
102-9=93 when he rebuys
93+12=105 when he sells again

theres no arguing with that

 

[X-Files]

5 bucks

 

[oldirtyku]

+2
-2
+3



..........3