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Friday, March 14, 2008

Friday's Stumper.....

Profit or Loss?

Jill brought home a poster from her trip. She had paid $25 for it. Liu saw the poster and gave Jill $35 for it. A few days later, Jill bought the poster back for $45. Then she sold it again, this time to her cousin Allie for $55. Did Jill make money on her transactions, or lose money?

Click comments to reveal answer....

2 comments:

debadee said...

she lost $5

Jim (Jimbo) (Jing) said...

Answer.......Add up all the money that Jill spent — $25 and $45 for a total of $70. Then add up all the money Jill got for the poster — $35 and $55 for a total of $90. Jill came out ahead by $20.