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Buy And Sell | 1 Aug 2009

Discussion in '$1 Daily Competition' started by shabbir, Aug 1, 2009.

  1. shabbir

    shabbir Administrator Staff Member

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    A person buys grains for 10 $ and sell them for 1 $ and he becomes a millionaire. How ?
     
  2. SaswatPadhi

    SaswatPadhi ~ Б0ЯИ Τ0 С0δЭ ~

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    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 :D
     
  3. Raj08

    Raj08 New Member

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    Alternate solution:

    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 ;)
     
  4. shabbir

    shabbir Administrator Staff Member

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    Perfect

    Still could not understand this. Can you please explain.
     
  5. indiansword

    indiansword Security Expert

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    Congrats !


    Cudnt understand that either
     
  6. nimesh

    nimesh New Member

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    Congrats Saswat :)
     
  7. SaswatPadhi

    SaswatPadhi ~ Б0ЯИ Τ0 С0δЭ ~

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    Thanx everyone :happy:
     

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