Cutehector:
Yorex2011

odimbannamdi:



smart analysis my brother....but from your calculations, a profit of #12 by 365days will never make him a millionaire in a year

walexy30:

X+Y=110
X=100Y

100Y+Y=110
101Y=110
Y=110/101
= 1.089k
= N1.09k Appr.
The cup costs N1.09 while the glove costs
N110-N1.09
= N108.91k or N109 appr.

2 100 minutes

3. Impossible

abbey621:


You're right, just went over the calculation again the answer is truly 10 minutes.

opeaceo:
1. the cost of a cup is 1.1 unit

2. 10 minutes

3. I don't think it is possible.

ayoolanr:


Read to understand, it says the cost of the glove is 100 times MORE than the cost of the glove!
So if the coat of the cup is Y then 100 times of Y is 100Y, and MORE compared to the coat of the glove Will be 100Y + Y = 101Y

odimbannamdi:



smart analysis my brother....but from your calculations, a profit of #12 by 365days will never make him a millionaire in a year

odimbannamdi:
So i was invited to a job aptitude test in Surulere 2days ago. 3 questions caught my attention. Even though i was quite sure of the answers i provided, i still want to ask guys here for their perusal on them


Here they are:

1. A glove and cup both cost 110naira. The cost of the glove is 100times more than that of the cup. How much is the cup?

2. If it takes 10 machines 10minutes to make 10doughnuts, how long will it take 100machines to make 100doughnuts?

3. A man wants to venture into business so he buys a dozen eggs for 5naira and sells them for 3naira. From his calculation, if he sells 20eggs daily, in 1year he will be a millionaire. And his calculation is correct. How is that possible?

Linqsz:

10 machine - 10 minutes - 10 doughnuts Meaning each producing 1 doughnuts every 10 minutes.
Hence,it will take 100 machine 10minutes to produce 100 doughnuts.

odimbannamdi:



smart analysis my brother....but from your calculations, a profit of #12 by 365days will never make him a millionaire in a year

opeaceo:
1. the cost of a cup is 1.1 unit
2. 10 minutes
3. I don't think it is possible.

Nuezha:

your first answer... u mean the cup is costless?

Fortune02:
1. 1.1
2. 10min
3. 5/12= N0.4166667 per egg
3 - 0.4166667 = N2.5833333 profit per egg sold
2.5833333 * 20 = 51.666666 profit daily
51.666666 *365 = N18,858.333 annual profit

Going by the info given he will make approx N18,858 in a year. That's N0.019mil so its possible

opeaceo:


Is 1.1 costless??

walexy30:
Yes, it is

Ishilove:

This is making me hate maths all the more

This is my third account on nairaland, and this would be the third time you will quote me on three different accounts whining about your hatred for maths.

The hate is real men finegurlnopimples.

Capital247:
12eggs = 5naira
1egg =12/5 = 2.4naira
he sales at 3naira, he makes profit of 60kobo per egg
if he sales 20ggs in day, =20* 3naira =N60 per day making a profit of 20*60kobo =12naira per day

LastMumu:
This is my third account on nairaland, and this would be the third time you will quote me on three different accounts whining about your hatred for maths.

The hate is real men finegurlnopimples.

toby2:
abeg make una explain that number two... When the problem is more than two entities, it gets me confuse.
Thanks people

odimbannamdi:
So i was invited to a job aptitude test in Surulere 2days ago. 3 questions caught my attention. Even though i was quite sure of the answers i provided, i still want to ask guys here for their perusal on them


Here they are:

1. A glove and cup both cost 110naira. The cost of the glove is 100times more than that of the cup. How much is the cup?

2. If it takes 10 machines 10minutes to make 10doughnuts, how long will it take 100machines to make 100doughnuts?

3. A man wants to venture into business so he buys a dozen eggs for 5naira and sells them for 3naira. From his calculation, if he sells 20eggs daily, in 1year he will be a millionaire. And his calculation is correct. How is that possible?

Hkana:
Q1 the cup costs 1.08naira (approximately)

Q2 ten minutes

Q3. Tricky though but here goes:
A dozen eggs cost 5naira, that means each egg costs 5/12 = 0.42naira
He sells each egg for 3naira means he makes an approximate profit of 2.58naira per egg

Daily profit from a sale of 20 eggs = 20 * 2.58 = 51.6naira.
A year's profit therefore = 51.6 * 365 = 18,834naira


Now 1naira = 100kobo
Therefore 18,834naira = 1,883,400kobo


Final answer, it is possible for the man to be a millionaire only when the currency is in kobo and not naira.


Cc opeaceo and gendebs

Capital247:
12eggs = 5naira
1egg =12/5 = 2.4naira
he sales at 3naira, he makes profit of 60kobo per egg
if he sales 20ggs in day, =20* 3naira =N60 per day making a profit of 20*60kobo =12naira per day