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Friday, February 17, 2006

Jon's MENSA Question of the Day

--posted by JRJ on 2/17/2006

You bought two antique lamps for $50 each. Later, you were offered $60 for one and sold it, changed your mind when you saw its duplicate being sold for more, and bought it back for $70. You then sold it for $80. The first one didn't sell at all so you reduced it 10% below what you originally paid and managed to get rid of it. Did you make or lose money on the deal, and how much?

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2 Comments:

Blogger Dan S. said...

Between the two lamps, I came out $15 ahead (-100 + 60 - 70 + 80 + 45 = 15).

February 17, 2006  
Blogger JRJ said...

CORRECT (75%)

February 17, 2006  

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