Kyler Ver. 1.0
New member
I'm working on a game for Economics class and I really need help.
You buy a pound of product, then you sell in pieces it at slightly higher than you bought it for, and after buying another pound(prices change), you pull whatever's left as profit. Simple enough.
Well, here comes the hard part. One day, you buy 3/4 pound, because the full pound is too much, this product is higher grade and can therefore be sold at higher rates. You sell each pound in 28 pieces at $10 a piece, you only have 21 pieces due to only buying 3/4 pound. Well, you sell 1/8 pound and 1/16 pound to a few trusted buyers who don't have the ability to pay you back for a week(total of sixty dollars). You ACTUALLY sell five bits of it, making $50 bucks. This is where the game gets really confusing. So you eat another 6 pieces of it. You now owe in $60, but you can't put it in until you make $60 in profit somehow. You have about 4 bits left, and you have enough to buy 10 more bits. It's good to have product, because without it people will come to you and not be able to buy, which means you're losing money. If you were to buy another 10 bits, expecting the trusted buyers to pay you back within a few weeks, how would you find out your profit until then? How much would you scoop out, when?
This is SOOO confusing, and I definitely need some help. The math is just escaping me for now. I hope that SOMEONE will understand...
You buy a pound of product, then you sell in pieces it at slightly higher than you bought it for, and after buying another pound(prices change), you pull whatever's left as profit. Simple enough.
Well, here comes the hard part. One day, you buy 3/4 pound, because the full pound is too much, this product is higher grade and can therefore be sold at higher rates. You sell each pound in 28 pieces at $10 a piece, you only have 21 pieces due to only buying 3/4 pound. Well, you sell 1/8 pound and 1/16 pound to a few trusted buyers who don't have the ability to pay you back for a week(total of sixty dollars). You ACTUALLY sell five bits of it, making $50 bucks. This is where the game gets really confusing. So you eat another 6 pieces of it. You now owe in $60, but you can't put it in until you make $60 in profit somehow. You have about 4 bits left, and you have enough to buy 10 more bits. It's good to have product, because without it people will come to you and not be able to buy, which means you're losing money. If you were to buy another 10 bits, expecting the trusted buyers to pay you back within a few weeks, how would you find out your profit until then? How much would you scoop out, when?
This is SOOO confusing, and I definitely need some help. The math is just escaping me for now. I hope that SOMEONE will understand...