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stas
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« on: February 13, 2009, 08:45:30 pm » |
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Problem
Let?s assume i borrow $100 from you. I go to the store but lose the money on the way. I meet my other friend at the store and borrow $50 from him. Still at the store i buy two candy bars at $10 apiece for the total of $20. I have $30 remaining which i pay back to you. Now i owe you $70 and my other friend $50 for the total of $120.
In addition i have two candy bars worth $20. Where is the other $10?
edit:corrected some wording for Angel.
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« Last Edit: February 14, 2009, 01:54:59 am by stas »
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Commie don't play dat!
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Evict3d
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« Reply #1 on: February 13, 2009, 09:47:41 pm » |
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What extra 10$?
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stas
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« Reply #2 on: February 13, 2009, 09:59:48 pm » |
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i owe $120 plus i have two bars worth $20 for the total of $140.
i borrower $100 + $50 for the total of $150.
$10 is the difference.
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Commie don't play dat!
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ScrotcH
BKP Team Leader
Administrator
Hero Member
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Posts: 67561
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« Reply #3 on: February 13, 2009, 11:04:18 pm » |
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Stop blacking out and spending money on cheap hookers and maybe you wouldn't have this problem.
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but the sky is filled with light
can you see it?
all the black is really white
if you believe it
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xterm
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« Reply #4 on: February 13, 2009, 11:05:49 pm » |
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and cheap Vodka
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j.spaceman
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« Reply #5 on: February 13, 2009, 11:15:09 pm » |
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$10.00 candy bars? Where the fuck do you live? 1970's Russia? I'd forget the missing $10.00 and stop buying candy bars from that store.  |
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Zeradul
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« Reply #6 on: February 13, 2009, 11:18:01 pm » |
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The answer is: you already gave that $10 back....  |
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"If you have the facts on your side, pound the facts. If you have the law on your side, pound the law. If you have neither on your side, pound the table." - old legal aphorism
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stas
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« Reply #7 on: February 13, 2009, 11:23:03 pm » |
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I know you guys can do better. Come on!
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Commie don't play dat!
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QB3RT
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« Reply #8 on: February 14, 2009, 02:52:47 am » |
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it doesn't work that way...
you lost $100, bought 2 candy bars for $20, and and gave me $30. For $150.
you owe me $70 (because you game me $30 ) & you owe your other dipshit friend $50. that's $150.
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stas
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« Reply #9 on: February 14, 2009, 03:26:29 am » |
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good try Q but not quiet.
btw, most MBA graduates get this one wrong....
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Commie don't play dat!
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Zeradul
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« Reply #10 on: February 14, 2009, 04:13:24 am » |
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The answer is: you already gave that $10 back.... My answer is correct. If you want me to explain further I can, but don't pretend like I didn't get it |
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"If you have the facts on your side, pound the facts. If you have the law on your side, pound the law. If you have neither on your side, pound the table." - old legal aphorism
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stas
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« Reply #11 on: February 14, 2009, 05:43:54 am » |
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Go ahead explain  . The important part here is not the right answer, its the explanation. I actually got the right answer already from someone in the pm but with the wrong reasoning. |
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Commie don't play dat!
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Zeradul
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« Reply #12 on: February 15, 2009, 02:10:35 am » |
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 This really doesn't have anything to do with math, it's just a stupid trick. When the question asks "Where is the $10" it does not distinguish between "Total Still Owed" and "Amount Originally Loaned" which are completely different questions. The "$10" in question was repayed with the $30 repayment, and is only noticed as $10 because of it's difference from the price in candy bars ($20), and the amount repayed ($30). |
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"If you have the facts on your side, pound the facts. If you have the law on your side, pound the law. If you have neither on your side, pound the table." - old legal aphorism
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stas
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« Reply #13 on: February 15, 2009, 02:37:37 am » |
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LOL Zera, you win just for the picture man hahaha
The right answer is that no money is actually lost. At the end i have 120 in assets (100 lost (yes an asset) + 2 candy bars) and i owe 120 (70+50). It all works out.
The point here is that most people quickly figure out that no money is actually lost, but those with advance degrees such as MBA's spend countless hours trying to solve this problem.
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Commie don't play dat!
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DragonMage
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« Reply #14 on: February 15, 2009, 04:32:58 am » |
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WTF is different from explaining it by using the word "assets" and explaining it the way Q did? He put it exactly as it needed to be explained.
AND STOP DRIVING GE INTO THE GROUND
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stas
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« Reply #15 on: February 15, 2009, 04:37:35 am » |
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..... what
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Commie don't play dat!
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Zeradul
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« Reply #16 on: February 15, 2009, 07:39:03 pm » |
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I agree with DM. Q was right, heck even Evicted was right with his two word response "What $10?"
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"If you have the facts on your side, pound the facts. If you have the law on your side, pound the law. If you have neither on your side, pound the table." - old legal aphorism
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QB3RT
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« Reply #17 on: February 15, 2009, 09:53:00 pm » |
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i agree, i knew LAW was right.
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