Discussion in '$1 Daily Competition' started by shabbir, Aug 1, 2009.
A person buys grains for 10 $ and sell them for 1 $ and he becomes a millionaire. How ?
The man was initially a billionaire
He bought huge amount of rice (at $10) and sold it to poor people at affordable prices ($1).
In this process, he lost so much that he became a millionaire
Based on exchange rates, for every dollar he spends on rice in the U.S., he earns two Indian Rupees. So, he could become a millionaire in Rupees without spending a million U.S. dollars
Still could not understand this. Can you please explain.
Cudnt understand that either
Thanx everyone :happy:
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