Originally Posted by
Drew
and that's the classic google response lol, like i said, u gotta have to think outside of the box sometimes...i'll give u 2 simple explanations:
1. simplest way to comprehend this --- just answer the question for how it was posed: what is the cost? when it was given that the cost is $1 plus (inclusive of) half the price.
2, now, if u have to be complicated about this, understand that price isnt necessarily = cost. We don't know what the price is? why are u assuming that it was priced at double the cost? hence 1+1/2(2) = 1+1 = 2? I could have priced it at cost for 1? so the price is now 1+1/2(1) = 1.5, and so on and so forth. Semantics dear duper...
here's one premise tho that u won't go wrong with:
Because any rational human being worth his salt in business would never price something lower than its cost.
ur price > cost always the rule of thumb. What the heck are u in business for IF u'll read that any other way?
Unless ur into margin pricing, but even that will eat up only on ur profit (margin) and as much as possible never on ur cost. Selling something for less than ur cost is an extreme measure that u'd just wanna resort to in order to turn ur aging inventory over, but it's still an EXCEPTION to the rule. I suggest that you take up courses in business, marketing, and price strategies to better appreciate and comprehend the nuance of a trick question like this and that u won't fall into a trap, else no purchasing or marketing manager would hire u irl. But in a game like this? lol, as I said to corrupt, I don't mind having u around. So does EST lol, cuz people like u are the same morons they jack off of...kakakaka (Kr laff)
so if u don't mind, i'd stick with #1
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