Automobile dealer’s puzzling profit puzzle
A dealer buys a car for nine hundred dollars, sells for ninety, buys back for eight hundred, then resells for one thousand. Net profit equals two hundred dollars after accounting for all transactions.
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Aug 02, 1939
Page
3
A dealer buys a car for nine hundred dollars, sells for ninety, buys back for eight hundred, then resells for one thousand. Net profit equals two hundred dollars after accounting for all transactions.
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