Monday , December 23 2024

Maths Quiz

Summary:
Four men go into a cafe for breakfast and the bill comes to £30. But it's the birthday of one of the men so the other three guys say to him that as a treat they will pay for the breakfast.As they walk out of the cafe, the owner says sorry, the bill was only £25, and gives them back £5 in pound coins. Amazed at his honesty, the three men who paid the bill, take £1 each and give the cafe owner £2 for a tip.As they took back £1, they have now paid £9 each.3 x £9 = £27 plus £2 given to the cafe owner equals £29WHERE IS THE OTHER £1?

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Four men go into a cafe for breakfast and the bill comes to £30. But it's the birthday of one of the men so the other three guys say to him that as a treat they will pay for the breakfast.

As they walk out of the cafe, the owner says sorry, the bill was only £25, and gives them back £5 in pound coins. Amazed at his honesty, the three men who paid the bill, take £1 each and give the cafe owner £2 for a tip.

As they took back £1, they have now paid £9 each.

3 x £9 = £27 plus £2 given to the cafe owner equals £29

WHERE IS THE OTHER £1?

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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