Question
Facts About the Gold Bar : A heavy, shiny bar of metal has this inscription on its face: 999.9 FINE GOLD, NET WT 1000 grams.
Facts About the Gold Bar:
A heavy, shiny bar of metal has this inscription on its face: 999.9 FINE GOLD, NET WT 1000 grams. The volume of the bar is about 88 cubic centimeters.
The current selling price for gold is P20 per gram.
Here is the Scenario and my Question:
The vendor tells you that she has an oversupply of gold bars, so is discounting the price for today only. You are smart enough to weigh the bar, to make sure you are not being cheated, and find that the bar actually does weigh 1000 grams. Would you be willing to buy it for P10 per gram so you could sell it and have enough money to fulfill your dreams? Yes or No? And why you have arrived in that decision?
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