POV-Ray : Newsgroups : povray.off-topic : Brainteaser? : Re: Brainteaser? Server Time
29 Jul 2024 18:16:18 EDT (-0400)
  Re: Brainteaser?  
From: Le Forgeron
Date: 20 Sep 2011 07:53:07
Message: <4e787ea3$1@news.povray.org>
Le 18/09/2011 09:20, Nekar Xenos a écrit :
> If some-one gives you something for free and you sell it for 1c, how
> many % profit do you make?
> 
> I asked the accountant, a whole lot of others and the "maths-genius" at
> work.
> 
> The answer they gave was:
> 
> 100%. No 200%. No it's impossible to work out.
> 
> I asked my 14 year old son.
> 
> His answer was infinite%

You forget the taxes (at least VAT, may be other)
0 -> X -> X*(1 - VAT)->X*(1-VAT)*(1-TT) -> X*(1-VAT)*(1-TT)*(1-IT)

So, for something 0, you had to pay the state X.VAT ;
As a company, you get tax on the turnover.
Then the profit get into your income and you have another increase in
your income taxes.
You can probably add more taxes (such as: as a salary, it must also get
some taxes; as a dividend, some other taxes...)

Now for the happy part: you sell for 1c, all taxes are to be round up
(you cannot cheat on the state...) so you earn nothing but 1c of VAT,
minus the fixed rates of the accountant, the bank and all... in fact,
you loose.

You even loose the same way that Bill Gates would loose money to stop
and pick up a bill of ten dollars: at the hourly rate of his fortune,
the ten bucks were a lost of more valuable time. (and he sleeps too!)

better practice that way: get it free, pass it free.


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