Hey there,
Looking for the answer to this funny riddle,
A man was buying apples for 5 cents and was selling them for 3 cents. He became a millionaire after a while. How can this be possible?
That’s great.
Here’s the answer – (and it’s quite funny actually)
Answer:
He was a billionaire, to begin with.
You say want an explanation? Sure, here we go…
Explanation:
It’s quite simple actually.
If you start with a lot of money, use it as capital in your business, and start incurring losses in your business, you will have less money than you started out with.
A billion is 1,000,000,000. Anything above that amount makes you a billionaire and anything below that makes you a millionaire until you hit 1,000,000.
Buying at 5 cents and selling at 3 cents gives you a loss of 2 cents for every apple sold.
Understood