Hi Everyone,
Welcome to the ‘Buying and Selling Game’ Contest 10 results post. This post contains a video of the ‘Buying and Selling’ Excel Model generating the selling prices for each toy from each coastal town.
Winner determined in this video
What is the Buying and Selling Game?
For the benefit of those who have not entered this contest, here is a brief explanation of how the game works.
Participants are required to buy goods with an allocated amount of money. They are given a choice of 6 goods and all these goods are available in any of the 5 towns, cities or planets in the game. The buying prices of all goods are provided in the question.
The participants are then required to sell all of their goods on a future date (I often refer to this as Day 7, to align with the number days until post payout). The selling prices for all goods in all towns, cities or planets are not provided. Instead, the question provides a minimum, maximum, and mode selling price for each good in each town, city or planet.
The participant that has the most money after selling all his or her goods is the winner.
Responses to the contest are made in the comments section of the post. If several participants end up with the same amount of money, the person who entered (commented) first will win. The format of the required entry is explained in detail in the contest itself.
For a more detailed explanation, you can access the contest post using the following link.
Results of the contest
Table 1 contains the selling prices generated by the ‘Buying and Selling’ Game model for each toy in each coastal town.
Table 1: Selling prices of all toys in all coastal towns
Table 2 contains responses and the profit made by each participant.
Table 2: Participant responses and profit
The winner of the ‘Buying and Selling’ Game contest 10 is @practicaleric. He made a profit of approximately $32,663. He has now won two contests in a row.
On Metro Island, he bought 125 robots at $120 each. He paid total of $15,000.
In Ancient Garden, he sold the 125 robots at $381.30 each. He received a total of $47,663. Therefore, he made a profit of $32,663 (47,663 – 15,000).
Highest possible profit
@practicaleric’s strategy also achieved the highest possible profit. For doing so, he was won an additional 5 Hive. This brings his winnings up to 25 Hive. See lowest buying prices and highest selling prices for each toy in Table 3.
Table 3: Lowest buying price and highest selling price
I would also like to thank @doctorcrypto, @bold-n-italics, @razielmorales, @sinahit, @jeffersom, and @steemflow for participating in the contest.
More posts
If you want to read any of my other posts, you can click on the links below. These links will lead you to posts containing my collection of works. These posts will be updated frequently.
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