Quizzes & Puzzles4 mins ago
How much have I lost?
15 Answers
Just a question I keep thinking about - and getting different answers.
I put �5 in a fruit machine, on the last go I win �15. I put this back into the fruit machine and lose it all. Have I lost �5, �10, �15 or �20.
Please give your reasoning, use one side of the paper only and extra marks will be given for presentation - sorry that last bit is just my sense of humour!
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For more on marking an answer as the "Best Answer", please visit our FAQ.Using a similar example on horseracing, the way I look at it is if I put (EG) a fiver on a horse and it wins at 5/1 ive got 30 quid, if I then put that �30 on another horse straight after and it loses, then I'm a fiver out of pocket from where I started the "session" :-)
If it was consecutive days though, and you lose the �30 on the second day, then I would deem that as a loss of �30 - my reasoning is that you start each session/day with a clean slate.
Does this meet your presentation criteria ;-)
If it was consecutive days though, and you lose the �30 on the second day, then I would deem that as a loss of �30 - my reasoning is that you start each session/day with a clean slate.
Does this meet your presentation criteria ;-)
Willowman - The way I read your question is that you deposit �5 and withdraw �15, net profit �10. So the most you have had at any one time is �15. The �15 that you play again is your original �5 stake plus your �10 profit, totalling �15, which you go on to lose. I don't see how you can lose �20 if you've never had it in one amount. Are you then saying that your �15 win is on top of your �5 stake, i.e. �20? Please clarify!