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puzzle

Discussion in 'JF Chit-Chat' started by Pota, May 30, 2011.

  1. Pota

    Pota JF-Expert Member

    #1
    May 30, 2011
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    Jumanne bought a book $ 70 and sold it at $ 80, he bought it back again at $ 90 and sold it at $100. Did he make a profit or loss? of how much then?
     
  2. King'asti

    King'asti JF-Expert Member

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    none! neither dd he make a profit,nor a loss. he just pursued his hobby
     
  3. Chitemo

    Chitemo JF-Expert Member

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    he neither make profit nor loss.
     
  4. Tanganyika1

    Tanganyika1 JF-Expert Member

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    May 31, 2011
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    yes he made a profit, coz it look like he was not through by the book the time he sold it for the first time. Thats why he needed it back to finish some readings on the left pages and resold it when he was through.
     
  5. Pota

    Pota JF-Expert Member

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    if he made profit / loss, then of how much?
     
  6. M

    Mutambukamalogo JF-Expert Member

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    In real time he neither had profit nor loss. But you didn't mentioned the time lapse for the transactions occured which has a direct impact on exchange rate. Remember,having $1 today is not equal with having $1 tomorrow!.
     
  7. Pota

    Pota JF-Expert Member

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    the exchange rate is the other side of the coin, we are not finding the value of the $s subjected to time.
     
  8. Mentor

    Mentor JF-Expert Member

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    he made a 10$ profit....!
     
  9. Bushbaby

    Bushbaby JF-Expert Member

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    he made neither profit nor loss
     
  10. TANMO

    TANMO JF-Expert Member

    #10
    Jun 1, 2011
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    He made a 20$ profit..

    Bought it for 70 then sold it for 80 = +10
    Bought it again for 90 (90-70) +10 = -10
    Then sold it for 100 (100-70-10) = +20

    Makofi Tafadhali...:A S 103:
     
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