Selling the Bike
Date: 1 Mar 1995 07:42:34 -0500 From: Kathleen Stastny Subject: Math Billy bought a bike for $40 and sold it for $50. He plans to buy it back for $60 and sell it again for $70. Will he make money, lose money, or come out even? I'm in 5th grade. Thanks.
Date: Wed, 01 Mar 1995 15:54:49 -0500 From: Daniel Eisenbud Subject: Re: Math Well, one way to look at the problem is to add up how much money Billy receives, and how much he pays. He pays $40 for the bike the first time, and $60 the second, making $100. If you add up how much he gets each time he sells it, you'll see how much money he received. If he took in more money than he payed, he'll come out ahead; if he payed more than he received, he'll lose money. Can you do the rest of the problem? Feel free to write back if you have any questions about this. -Doctor Dan, The Math Forum Check out our web site! http://mathforum.org/dr.math/
Date: 8/27/96 at 22:34:25 From: BRUCE F HELLER Subject: Profit on Selling, Buying Bike Dear Dr. Math, Billy bought a bike for $40 and sold it for $50. He plans to buy it back for $60 and sell it again for $70. Will he make money, lose money, or come out even? I would like to become a mathematician or an engineer. Do you think that I would be good at being a mathematician or an engineer (mainly mathematician)? Problem Solver, Bryan "Theta" Heller
Date: 8/30/96 at 11:4:48 From: Doctor Jerry Subject: Re: Profit on Selling, Buying Bike One way of thinking about Billy is to write down what he has at various times. Let's let the letter "s" represent a certain amount of money. 1. No bike and 40 + s dollars. 2. Bike and s dollars. 3. No bike and 50 + s dollars. 4. Bike and s - 10 dollars. 5. No bike and 60 + s dollars. Comparing what Billy has at time 5 with what he had at time 1, it is clear that he made 20 dollars. If you enjoy solving problems you may very well become a good engineer or mathematician. One of the most famous mathematicians of this century, David Hilbert, was known not so much because he solved problems very fast, but because he could solve more kinds of problems than most other people. -Doctor Jerry, The Math Forum Check out our web site! http://mathforum.org/dr.math/
Search the Dr. Math Library:
Ask Dr. MathTM
© 1994-2013 The Math Forum