Reference no: EM133168394

Questions -

Q1) A lady walks in the store and steals $100 bill from the register without the owner's knowledge. She comes back 5 min later and buys $70 worth of goods with the $100 bill. The owner gives her $30 in change. How much did the owner lose and explain why you think so?

a) $30

b) $70

c) $100

d) $130

e) $170

f) $200

Q2) A man who has some money, buys a goat for $60. Then sells it for $70. Then buys it back for $80 and sells it again for $90.

A) How much did he make and provide your reasoning?

B) Which would have been the optimum trading strategy, if he had known the movements of the goat's market price beforehand and how much money would have made using this strategy?