'Hey Sipho! I have a cow for you for just R500!'
'E yoh, Bongani! I'll take it - you can bring it to me tomorrow!'
The next day:
'Sorry Sipho, but the cow died last night.'
'Hauw.. So, ok then. Just give me my money back.'
'Sorry Sipho, I did already spend that money..'
'Eish! So, ok then. Just bring me the dead cow.'
So, Bongani brought the dead cow to Sipho the next morning.
A few weeks later, Bongani bumped into Sipho and asked him what he did with the dead cow:
'You won't believe, Bongani! I made a raffle for the cow, and I sold 251 tickets for R5 each! I made a profit of R850! But, I didn't tell anyone the cow was dead..'
'Yoh! And the people didn't complain?'
'Eish! Only the guy which won! So, I gave him back his R5 and he was happy!'
Sipho is now in parliament..
Contributed by an ACSian and posted by Acsian Blogger
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2 comments:
He collects 251 x R5 = R1255
He gives back R5
Net Revenue: R1250
Cost of goods sold: R500
Wow his profit of R800 must have come from
R1250 - R500 + R100 goodwill
Oops! His declared profit of R850 (not R800) must have come from the pool of CDS floating around.....
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