A young man decides to buy a collector’s baseball card. He pays $60 for it. After a month, the value of the card has increased to $70 and he decides to sell it. But already a few days later he regrets his decision to sell the collector’s item, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After a year of owning the baseball card, he finally decides to sell it for $100. What is his overall profit?
Answer: $30.00. Overall profit, not net profit!
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You walk up to a mountain that has two paths. One leads to the other side of the mountain, and the other will get you lost forever. Two twins know the path that leads to the other side. You can ask them only one question. Except! One lies and one tells the truth, and you don’t know which is which. So, What do you ask?
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You ask each twin What would your brother say?. This works because…. Well let’s say the correct path is on the left side. So say you asked the liar “What would your brother say?” Well, the liar would know his brother was honest and he would say the left side, but since the liar lies, he would say right. If you asked the honest twin the same question, he would say right, because he knows his brother will lie. Therefore, you would know that the correct path was the left!
Show Answer
You ask each twin What would your brother say?. This works because…. Well let’s say the correct path is on the left side. So say you asked the liar “What would your brother say?” Well, the liar would know his brother was honest and he would say the left side, but since the liar lies, he would say right. If you asked the honest twin the same question, he would say right, because he knows his brother will lie. Therefore, you would know that the correct path was the left!
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