puzzle | JamiiForums | The Home of Great Thinkers

# puzzle

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

1. ### PotaJF-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'astiJF-Expert Member

#2
May 30, 2011
Joined: Nov 26, 2009
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none! neither dd he make a profit,nor a loss. he just pursued his hobby

3. ### ChitemoJF-Expert Member

#3
May 30, 2011
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he neither make profit nor loss.

4. ### Tanganyika1JF-Expert Member

#4
May 31, 2011
Joined: May 10, 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. ### PotaJF-Expert Member

#5
May 31, 2011
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if he made profit / loss, then of how much?

6. M

### MutambukamalogoJF-Expert Member

#6
May 31, 2011
Joined: Jan 25, 2011
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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. ### PotaJF-Expert Member

#7
May 31, 2011
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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. ### MentorJF-Expert Member

#8
May 31, 2011
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9. ### BushbabyJF-Expert Member

#9
May 31, 2011
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he made neither profit nor loss

10. ### TANMOJF-Expert Member

#10
Jun 1, 2011
Joined: Apr 12, 2008
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