Tricky Gold Bar Brain Teaser

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1

<p>Question:
Assume that you have a worker who demands to be paid a daily rate of 1/7th of a gold bar. You have one gold bar and are allowed to cut it twice. How do you ensure that he is paid his daily rate?</p>

<p>Answer: Follow the link
[Brain</a> Teaser 6: 1/7th Gold Bars](<a href=“http://kickassintern.com/index.php?option=com_content&view=article&id=66:brain-teaser-6-17th-gold-bars&catid=37:finance-bootcamp&Itemid=56]Brain”>http://kickassintern.com/index.php?option=com_content&view=article&id=66:brain-teaser-6-17th-gold-bars&catid=37:finance-bootcamp&Itemid=56)</p>

2

<p>Questions they should have been asking. You have 100,000,000 people qualified to purchase homes with an average value of $300,000. On average 10,000,000 homes are bought or sold each year. How large is the annual mortgage market? Hint–the answer is not 200,000,000.</p>

3

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<p>Open ended?</p>

<p>Bottom up:
Assuming an average sale of 10mm homes per year with an average value of $300k.
Umm 10mm*300k? 3 trillion?</p>

4

<p>that question wasnt that tricky…</p>