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Old 11-07-2004, 10:02 AM  
Libertine
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Join Date: May 2002
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Quote:
Originally posted by Mortimer
well, that potential profit is lost because if the client had had a real 25 rupels bill, he would have sold that cap for 10 rupels, so this is no speculation
It is speculation, precisely because the client did not have the real 25 ruble bill. Besides, the client's only reason for "paying 15 rubles" may have been than he was actually paying nothing. In fact, maybe he did have 25 rubles, but simply preferred not actually paying.

Quote:
Originally posted by Mortimer
anyway this is just to have a little fun with the problem, because I am pretty sure tolstoy did not intend for people to start speculating on if we should consider the cap a 10 rupel profit or if we should consider it less than that... he just wanted to know how much he lost considering the cap is worth 10 rupels... so the answer still remains 25 rupels
I don't like Tolstoy and his problem doesn't take into account the workings of the free market

Ofcourse, the intended answer is 25, but if you look at it on a deeper level that answer is wrong
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