# general logic

Discussion in 'Math' started by chyadesh, Jul 10, 2009.

Apr 10, 2009
19
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A man bought 7 clips at the rate of 1 dollar, and 5 other variety of clips at the rate of 1 dollar, and he sold 4 clips any of his choice for 1 dollar? what is the gain percentage.? please provide me the full solution....

2. ### RiJoRI Well-Known Member

Aug 15, 2007
536
26
Please tell me why I -- or anyone else here -- should bother. Paper clips are not related to electronics, unless you stick them into an outlet...

--Rich

3. ### tannercollin655 Member

Jul 23, 2009
14
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I think he bought the cheap clips at \$0.142 each and the expensive clips (lol) at \$0.20 each.

If he sells 4 cheap clips for \$1 he gets a \$0.108 profit,
If he sells 4 pricey clips for \$1 he gets a \$0.050 profit.

But theres a 13% sales tax on the 25 cents reducing the profit by 3.25 cents.
And atleast another 5 cents for the special bag it comes in..
Plus the newspaper ad that costs 8 cents per paperclip based on last month's sales..
Then the gas to deliver comes out to 3 cents per paperclip.
And the 1/4 of a cent he has to pay the MOB

So hes looking at 20 cents in deductables making him farther into the red zone with each paper clip he sells.

Since he has bad credit from his mortgage being withdrawled by the banks he can't get a loan to order 10000 paperclips bulk for 7 cents each which could, after he sells them all, get his life back in order.

But I guess ill buy a few because I used paperclips and aluminum foil for wires when I was just a kid.

4. ### SigmaCeq Member

Jul 30, 2009
19
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I really want to know if you actually meant paperclips...