Lateral Thinking Questions

===============
ANSWER: L.T.Q. #22

Date: Tuesday, November 21, 1995 10:05AM

Here is this week's question:

Art Conn bought a used car for $600 and sold it to Hardy Pyle for $800. He later bought it back for $1000 and resold it for $1200. Did Art make any profit and if so how much?

ANSWER:

At first glance it appears that Art Conn made a profit of $200, however this is not the case. Art made a total profit of $400 since he made $200 profit each time he sold the car.

Gloria gets points for a reality check, but then loses points for SHOUTING (by typing in ALL CAPS!) at me: "HE PAID 600 + TX = 780. HE THEN PAYS 1000 + TX=1150. FOR A TOTAL OF 1930. WHEN HE SELLS IT HE GETS 800 + 1200 = 2000 THEREFORE HE MAKES 70 DOLLARS."

>In other news: I Have Established a Web Presence!
>If you have access to the Internet, then check out
> http://www.rose.com/~mjourard/

It seems I am having trouble getting all the communications bugs worked out, so I haven't been able to update the site. If things haven't been resolved by Thursday, I'll take my files to school and transfer them to my web site from there. As Pooh would say, "Oh, bother!"

Return to Questions.

This web page is maintained by Mike Jourard using HTML Notepad from cranial software.
Last modified on December 10, 1995. Converted to dot-com web site on May 22, 2000. Copyright © 1995,2000 by Badinage Publications. All rights reserved.