Here is a little tangle that is perpetually cropping up in various guises. A cyclist bought a bicycle for L15 and gave in payment a cheque for L25. The seller went to a neighbouring shopkeeper and got him to change the cheque for him, and the cycl... Read more of THE BICYCLE THIEF. at Math Puzzle.caInformational Site Network Informational
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THE TWO AEROPLANES.





(Money Puzzles)
A man recently bought two aeroplanes, but afterwards found that they
would not answer the purpose for which he wanted them. So he sold them
for L600 each, making a loss of 20 per cent. on one machine and a profit
of 20 per cent. on the other. Did he make a profit on the whole
transaction, or a loss? And how much?


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