
Lite 
Greed is Good!
Category:  Math 
Submitted By:  addspras 
Fun:  (1.81) 
Difficulty:  (1.53) 
Two stockbrokers, Mr. Greed and Mr. Avarice, hold stocks of Company Gordon and Company Gekko respectively. Both stockbrokers sell their respective stocks of Company Gordon and Company Gekko for $1000 each. Stockbroker Mr. Greed calculates his profit based on cost price while Stockbroker Mr. Avarice calculates his profit based on selling price. While both claim to their clients to have made 25% profit, who is really hoodwinking his client and who has actually made more money for his client?
Answer:
Stockbroker Mr. Greed 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. Avarice 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. Avarice has made more money for his client! Who ever said greed is good?!
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