Sunday, July 17, 2011

Puzzle of the Week (Harder than normal)

Stockbroker Mr. Get U. Rich calculates his profit % on cost price so his cost price is $1000/1.25= $800 and has thus made a profit of $200.

Stockbroker Mr. U. R. Clever has calculated his profit % on selling price, so his cost price should be $1000*(1-.25)= $ 750, hence his profit is $ 250, so in reality Stockbroker Mr. U. R. Rich has made more money for his client!

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