How much did he make?

Mar

1 tweet

This is one of the question asked during the job interview at famous company. At least that is what I understand.

A man bought a chicken for $8.00.
He sold that chicken for $9.00 but realized there is a person who want it for higher price.
He bought that chicken back for $10.00 and sold it for $11.00.

How much did he make?

The explanation is in the comment.

#Business #Marketing

Commented by Kenichi Uchikura
Posted at 2015-03-16 09:16

If you answer $2.00
You are just adding the profits without considering the cost or the loss. Not hired.

$0.00
How do you get that? Not hired.

$38.00
You are talking about transaction … Not hired.

$1.00
You are smart and understand the cost but not the best answer. 

-$2.00
If you answer he as lost $2.00, you are hired.

Why?
Read the next comment.

Commented by Kenichi Uchikura
Posted at 2015-03-16 09:18

The original cost of chicken was $8.00.
The last sale price of chicken was $11.00.

He could have made $3.00 in profit. Instead, he did unnecessary transaction that reduced his profit to $1.00. That is a loss of $2.00.

Got it?