Thursday, August 2, 2018

196) Durian Price Puzzle

196) Durian Price Puzzle

 


Simple but interesting Puzzle...

What is your answer? 

Decide your answer before reading further. 

Please do it. 
This is a learning experience you will never forget.

Did you just accept the price because this is durian. Who really cares about the price? Just get them while you still can. 

Or, you won't buy because it is not the MUSANG KING!!!! Musang King or NOTHING.

Ok, for those really have to consider about price and quantity, do you accept it?

It is even better, right? It is more fruits and at a cheaper price !!!!!!

20% more units and at 20% cheaper price per unit.  
A GREAT DEAL!!!

DO you have to take out your calculator to calculate?

This is just an example on how your perception and reality may not be the same.

Do the calculation to find out the truth.

Let's say your friend paid $100 for the 10 medium size fruits at 1 kilogram each. 
So, each fruit is $100/10 = $10. 
Total weight = 10 x 1kg = 10kg.

Now, for you, you get 20% smaller fruits, which mean each fruit weighs 0.8kg each.
100% - 20% = 80%.
100% of the weight = $10, 80% x $10 = $8.
OR 1kg = $10, so 0.8kg = $8.

And, you also get 20% more fruits. This mean you get 120% (100% + 20%).
If your friend got 10 fruits, you will get (120% x 10 fruits) = 12 fruits.

So, are you happy with 12 pieces of 0.8kg fruits?
YES or NO? Is it a better deal of worse deal?

Do the calculation, you get:
12 fruits x 0.8kg = 9.6kg.

You only got 9.6kg and not 10kg.
It only worth $96 and not $100. 
You just paid $4 more.

How can this be? It should be a better deal, right?
Do check the calculations above a few times for any errors.


How does this puzzle relate to your investments? 


Leave your comments below.
Please do not reveal the answer in order not to spoil the fun of learning through this puzzle.

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