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MathNet 1997 — Part 01 Question 56

Math Olympiad Vault · MathNet 1997 — Part 01

Question 56

An antique dealer bought a pair of bedside tables for 1.5 million. He sells one to Aldo and one to Berto for 1 million each.

Carlo arrives, having seen them in the shop window, and is willing to buy the pair for 3 and a half million.

The antique dealer manages to buy back the bedside tables from Aldo and Berto, paying 1 and a half million each and resells them to Carlo. In the end the antiques dealer:
  1. He lost half a million
  2. He made even
  3. He made half a million
  4. He earned a million
  5. None of the above