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![Profile picture of Efemona Muhammad Okeh]()
From the group I got this people gave their various answers. MaJority of the answers fell on zero, 10k and 20k This question is Funny in a way. I say it’s funny because it requires a second thought. Business persons should shook mouth put.
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![Profile picture of quincyomatsuli8]()
If we are to use c. P and s. P formular the answer is 20k but if we are to calculate using his capital then is 10k
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![Profile picture of Efemona Muhammad Okeh]()
Thanks for your comments. This question is trickery in a way. I don’t think it require a direct answer rather a conditional answer. Because he’s made a gain of 10k and going back to the market to repurchase; prices then increased again. He now have to roll out extra 10k from somewhere else if he must buy at new price.
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![Profile picture of Efemona Muhammad Okeh]()
Conditions II. Assuming the dealer is collecting the goods on credit he’s made 20k net profit.
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![Profile picture of Efemona Muhammad Okeh]()
But condition II is likely not going to be the situation since the question says he bought, he bought, he bought.
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Efemona Muhammad Okeh
Engr. Efemona Muhammad OKEH delta state based; brand/product influencer. I conduct training programmes that build expertise in overseeing the development of a product from idea generation to market launch and growth, ensuring it meets customer needs and business growth.
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efemonaokeh@gmail.com
10K so long as he has not been spending money feeding it.