Math expression debate.

[spikerS]

This all has to do with percentages.

for the argument we will use a easy value of 100.

the question is, if you started with $100 and went to the casino, and won another $100 to bring your total to $200, what would your profit be, and express it in a percentage format.

the debate:

Many people state that your profit would be 200% while others would say 100%

To be honest, I am completely confused about this, and was being argued by a couple drunk buddies last night.

[Weapon_R]

Your profit would be 100%.

[atgilchrist]

Your profit would be 100%, as it is equal to your initial investment.

[justincalgary]

Originally posted by Weapon_R
Your profit would be 100%.

[Tik-Tok]

Originally posted by Weapon_R
Your profit would be 100%.

[TKRIS]

Not much of a debate.
Don't take any financial advise from the "200%" people.

[V6-BoI]

Originally posted by Weapon_R
Your profit would be 100%.

[GQBalla]

100 percent.

who says its 200 percent? that makes no sense what so ever

[Isaiah]

I'm 100% positive that your profit is 100%

[Mitsu3000gt]

Whoever said 200% failed grade 5 math, that shouldn't have even been an arguement in the first place haha.

[HyperZell]

Originally posted by TKRIS
Not much of a debate.
Don't take any financial advise from the "200%" people.

Don't take any advice from them either ;)

[TKRIS]

Originally posted by HyperZell


Don't take any advice from them either ;)

I would advise you to mind your business.



;)

[megavolt]

You would say 200% in the case of 'I walked out with 200% of what I went in with'.

But the profit is definately 100%.

[sputnik]

Does no one stop and even think logically before they ask a question?

If you buy something for a dollar and pay 5% GST it will cost you $1.05.

Lets extrapolate this for a minute.

$1.00 + 5% = $1.05
$1.00 + 6% = $1.06
$1.00 + 7% = $1.07
$1.00 + 8% = $1.08
$1.00 + 9% = $1.09
.
.
.
$1.00 + 99% = $1.99
$1.00 + ____ = $2.00

Solve for _____.

[Mibz]

Originally posted by sputnik
Does no one stop and even think logically before they ask a question? Did you not stop to think that this argument is less about math and more about interpretation of what profit references?

[szw]

Originally posted by sputnik
Does no one stop and even think logically before they ask a question?

If you buy something for a dollar and pay 5% GST it will cost you $1.05.

Lets extrapolate this for a minute.

$1.00 + 5% = $1.05
$1.00 + 6% = $1.06
$1.00 + 7% = $1.07
$1.00 + 8% = $1.08
$1.00 + 9% = $1.09
.
.
.
$1.00 + 99% = $1.99
$1.00 + ____ = $2.00

Solve for _____.

_____ = 99.99r%

[J NRG]

.

[spikerS]

well i figgured it was 100% as well, but after hearing the argument last night, well what i remember of it anyways, and then it started to make sense that 200% might be right, and I just could not shake it.

and the plane won't take off! :rofl:

[dexlargo]

Originally posted by spikers
and the plane won't take off! :rofl: Oh God, please don't start that one. Nor the 0.99 repeating question. People who don't understand will argue forever on those ones.

[benyl]

Another way to look at it:

Your profit margin was 50%.

[syeve]

Sounds to me like someone who has a gambling problem...

"I made $200 bucks at the casino tonight!!omgz1!" - Translation - I went with $100 and made $100.

"I lost $100 at the casino tonight :/" Translation - I lost 100% of my loots

[FiveFreshFish]

100% is your profit or gain, i.e. what you added to your original amount. This applies to the context the OP presented.

200% is the multiplication factor of your original amount. Another way to look at this would be that you doubled your money.

[Xtrema]

Originally posted by spikers
well i figgured it was 100% as well, but after hearing the argument last night, well what i remember of it anyways, and then it started to make sense that 200% might be right, and I just could not shake it.

and the plane won't take off! :rofl:

I'm curious what's their arguments of 200% that are so convincing?

Did the debate happened during drunken session?