One simple math question that many people will not answer correctly

[Trapstar]

Forget the chicken, use stock instead. I buy one share of Microsoft today for $5, hold it for a day, it goes up to $7, I sell it. I made $2 profit off that transaction.

2 weeks later, I see Microsoft has gone up to $9, and I think to myself, I think it's going to go up to $12. I buy a share at $9, it does goes up to $12, and I sell it. I made $3 profit off that transaction.

At the end of the year when I do my tax return and report capital gains, I have to report $5 of short-term capital gain.

Those of you who put anything other than $5 might be getting a call from the IRS if you did your own taxes.

 

[koidog]

It's kind of scary that not everyone has answered 5.

 

[themanej2001]

his PROFIT was $3.... he moved $5 on the way, but he MADE A PROFIT of $3....

TheWitch

It is Ok... you'll understand next year... I think you learn that in 2nd grade... So one year away no big deal buddy... We understand...

THE ANSWER IS FUCKING 5 hahaha

Anyway you look at it the damn answer is five...

You pay 14 to buy it total and get
You receive 19 in return that is +5

You pay 5 (-5 Dollars) and get 7 (2 Dollars in account) back...... Then u buy the next one for 9... so u are (-7) dollars... Then you sell it for 12 (so +5 Dollars)

How many ways can we show this... we show it as if u were -5 or as if u started with 10 either way the damn answer is 5 haha

 

[WVU]

if you did not answer 5 then there is a WVU poker challenge that you should look into

 

[MrJ]

Well if it's a ton of bricks and a ton of wood or a ton of feathers, that would be 2 tons vs 1 ton ;-)

Depends if there's a typo in the question ;o)

There's a typo in the question, but plenty of people would still get it wrong :missingte

 

[C-LO]

Not 100% sure but it should be $1 DOLLAR!!!!!! Wheres my prize?????????

 

[turnip]

I'd like to say by reading some of this thread, I died a little bit inside.

Anyway, I have three questions for The Witch.

1. If you buy a chicken for $5 and sell it for $7, what profit did you make?


2. If you buy a chicken for $9 and sell it for $12, what profit did you make?


3. If you make a $2 profit on one buy/sell, and a $3 profit on another buy/sell, how much profit did you make total?

 

[royboy_3831]

Not 100% sure but it should be $1 DOLLAR!!!!!! Wheres my prize?????????

I don't know about a prize. Actually what you should get is a swift kick in the nuts for that answer.

 

[royboy_3831]

Back to the chicken... He made $3

Dumb Bitch

I agree with the last part...

 

[jwblue]

Trick question.

$0.00.

The TV didn't work so the guy he last sold it to went back and kicked the guy's ass for selling him a bum TV and took his money back.

IS

 

[Hookandcrook+]

NO Doug, he spent $2 more buying the chicken again, so take away those $2 from the $5 that you have... it will give you an awesome
3!!

TheWitch

I said 3 at first too, but that is wrong. Think of it this way the $2.00 was not lost on the buy back, it was reinvested and he got it back on the last sell, so that would make it $5.

 

[BASEHEAD]

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:

1

lost two on 1st transaction
made three on second

 

[Doug]

You buy for 5,sell for 7, and lose 2 in the process ? :think2:

 

[Rawpimple]

You buy for 5,sell for 7, and lose 2 in the process ? :think2:

Yeah love to know this guys definition of a transaction? BUY, SELL, BUY??

:modemman: :coke:

 

[Buster]

ALRIGHT DAMMIT.i have been thinking 5 from the get go and saw really no need to answer. upon further review look at it this way


had 5.00 only in his pocket
bought a chicken for THAT 5.00
sold chicken for 7.00
now has 7.00
wants to buy chicken back but only has 7.00
so has to borrow 2.00 to pay the nine
buys chicken but is 2.00 in hole
sells chicken for 12.00
pays back the 2.00
still has 10.00 in his pocket so a profit of 5.00.


correct right

 

[Kegler]

this is getting stupid, please give us the answer and why and stop sitting at your computer jerking yourself off.


thank you

If you have to ask what the answer is then you don't need to know.

 

[C-LO]

Its $1 dollar guys, I dont know why he wont come back and tell everyone!

 

[Illini]

Its $1 dollar guys, I dont know why he wont come back and tell everyone!

He won't come back on here, because there is no reason to. If your IQ is high enough to know how to get on the internet, you should be able to figure out that it's 5 in less than 10 seconds.

 

[mike0187]

$5 for the 10th time....

people ignoring the fact that you end up with $5 more than you started with, wow, just wow

 

[Extraordinary_5]

Guys, there's no need for me to give you the answer for this simple first grade math question, I don't want to insult all your intelligent. Have confidence in yourself, nobody can tell you what is right and what is wrong, and whatever answer you come up with, stick to it, just know that you're the genius, and they aint better than you, and you got the right answer.

Anyway, I got another simple yet slightly harder math question in the RR, it should be a piece cake for you guys. I will provide answer for this one later on since it's slightly harder.

uppy: