[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 110 KB, 1600x1001, iq.jpg [View same] [iqdb] [saucenao] [google]
51239499 No.51239499 [Reply] [Original]

>old friend asks you to sell his car for him
>says you can keep half of what you sell it for
>realistic market price is ~1000$
>you decide to keep the car and give your friend 500$ instead

How much did the car cost you? A) 500$ or B) 1000$

>> No.51239536

Obviously $500 you dumb jeet.

>> No.51239551 [DELETED] 

>>51239499
Use coupon code FRIEND50 at checkout
>>51239536
fpbp gay thread

>> No.51239581
File: 176 KB, 1000x477, 1645497990937.jpg [View same] [iqdb] [saucenao] [google]
51239581

B

holy shit this board is retarded

>> No.51239588

>>51239499
Didn't read your post fag

>> No.51239617

>>51239499
The car is a depreciating asset but if you weren't planning on reselling it anyways the answer would be A, missed potential is not inherently a loss.

>> No.51239621

>>51239499
500 out of pocket and 500 opportunity cost. However the market value of the car is still 1k. So you technically break even.

>> No.51239630

>>51239499
>You sell the car
Balance = +500$
>You buy the car and keep it
Balance = -500$ but you have a 1000$ asset (the car)

So It only costs you 500$ (if you only count liquidity, if you recognize the car as value you gain 500$ regardless of your option (although the car will lose value and blah blah but that's besides the scope))

>> No.51239823

>>51239621
No no he asked how much the car itself costed you in terms of dollars. It costed $500. Fucking midwits..