View Full Version : Math expression debate.
spikerS
10-05-2009, 08:04 AM
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
10-05-2009, 08:06 AM
Your profit would be 100%.
atgilchrist
10-05-2009, 08:07 AM
Your profit would be 100%, as it is equal to your initial investment.
justincalgary
10-05-2009, 08:07 AM
Originally posted by Weapon_R
Your profit would be 100%.
Tik-Tok
10-05-2009, 08:14 AM
Originally posted by Weapon_R
Your profit would be 100%.
TKRIS
10-05-2009, 08:27 AM
Not much of a debate.
Don't take any financial advise from the "200%" people.
V6-BoI
10-05-2009, 08:28 AM
Originally posted by Weapon_R
Your profit would be 100%.
GQBalla
10-05-2009, 08:47 AM
100 percent.
who says its 200 percent? that makes no sense what so ever
Isaiah
10-05-2009, 08:53 AM
I'm 100% positive that your profit is 100%
Mitsu3000gt
10-05-2009, 08:58 AM
Whoever said 200% failed grade 5 math, that shouldn't have even been an arguement in the first place haha.
HyperZell
10-05-2009, 09:52 AM
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
10-05-2009, 09:54 AM
Originally posted by HyperZell
Don't take any advice from them either ;)
I would advise you to mind your business.
;)
megavolt
10-05-2009, 10:02 AM
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
10-05-2009, 10:07 AM
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 _____.
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?
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
10-05-2009, 10:56 AM
.
spikerS
10-05-2009, 11:18 AM
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
10-05-2009, 04:19 PM
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
10-05-2009, 04:22 PM
Another way to look at it:
Your profit margin was 50%.
syeve
10-05-2009, 04:24 PM
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
10-05-2009, 05:26 PM
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
10-05-2009, 05:49 PM
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?
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