Well, not every answer as $0 is not a valid solution. But there are an infinite number of answers it would seem. According to what I derived... the $1.50 comes from the assumption that the markup is 0%. The $2 answer comes from a markup of 50%. Have a markup of 100% and the cost is $3 For all of you not getting it... it's real simple. The question is ill-posed. The $2 answer was rejected and it seemed the most obvious since all we can assume is that cost = price. If not, then some information is missing.
Whatever price you wished. If you wanted to sell it at the price you bought it at plus half its original price, then you could do so. "What is the Cost of a book that costs 1$ plus half of its price?" does not ask that question. It doesn't ask a question at all, it is meaningless. Try "What is the selling price of a book that cost you $1, if you sold it at 150% of its cost price?" You can't have x as both the buying price and the selling price. If x is the buying price, then if you are performing a mathematical process to derive the selling price, the selling price must be y. If they are the same, then x=y. If x is found to equal x plus anything other than zero, then the equation is meaningless. The very word "equation" means that the two sides must exactly balance. Always, at every stage. Me and Isaac Newton demand it!
Exactly. Some of my recent book purchases have been for items with a cover price of £0.75 and I paid £5 or so.
You assume deicider not know how to do this operation and had to appeal to SciForums? I am sure he laughs that it hurts him belly. Please Register or Log in to view the hidden image!
That's rich - you asking about taking a hint... How's this for a hint? What if we rephrase this to "What is the Cost of a book that costs 1$ plus half of its cost? Does anyone then have any objections whatsoever to the answer being $2.00? You know: Now, if you agree with the above, as paraphrased, then the question reduces to: "Are the terms 'cost' and 'price' synonymous?" To be fair, that is not explicitly stated in the OP. Hence, there is some room for confusion, but very little room. I'm not, you haven't and you never will. I noticed this thread when there were two posts and thought "well, that was quick - game over". Today I see eight pages - WTF? Frankly, I find the whole mess exceedingly embarrassing for an "enlightened" community. Ah, well... *sigh*
Me!!! I've looked at the problem again and the answer is either "Christmas cake" or "Thursday". I'm just not sure which yet, though.
Oh goodie. Thanks, that got through much simpler than Adocette's explanation which left me blinking. Thanks.
What happened was that Tach made another one of his characteristic embarassing blunders. But he is incapable of admitting his mistakes, so has a psychological need to defend himself to the bitter end (or at least until everybody else loses interest). Then he'll slink away and hope that people forget his record of silly mistakes.
Are you looking in the mirror and talking about yourself again? The fact that you can't understand the notion of ill posed problems is really your problem.
$1.50 or - i have 3 beans plus 2 more. i have 5 beans. dont let half or cost\price terminology confuse you.
