Profit Jokes / Recent Jokes
Saw this one on a professor's door:
The evolution of mathematics education
during the last 30 years.
1960's
A peasant sells a bag of potatoes for $10. His costs amount to 4/5 of his
selling price. What is his profit?
1970's
A farmer sells a bag of potatoes for $10. His costs amount to 4/5 of his
selling price, i.e. $8. What is his profit?
1970's (New Math)
A farmer exchanges a set P of potatoes with a set M of money. The cardinality
of the set M is equal to $10 and each element of M is worth $1. Draw 10 big
dots representing the elements of M.
The set C of production costs is comprised of 2 big dots less than the set M.
Represent C as a subset of M and give the answer to the question: What is the
cardinality of the set of profits? (Draw everything in red).
1980's
A farmer sells a bag of potatoes for $10. His production costs are $8 and his
profit is $2. Underline the word "potatoes" and discuss with your more...
#1 Once you have their money... never give it back.
#3 Never pay more for an acquisition than you have to.
#6 Never allow family to stand in the way of opportunity.
#7 Keep your ears open.
#8 Small print leads to large risk.
#9 Opportunity plus instinct equals profit.
#10 Greed is eternal.
#13 Anything worth doing is worth doing for money.
#16 A deal is a deal... until a better one comes along.
#18 A Ferengi without profit is no Ferengi at all.
#19 Satisfaction is not guaranteed.
#21 Never place friendship above profit.
#22 A wise man can hear profit in the wind.
#27 There's nothing more dangerous than an honest business man.
#31 Never make fun of a Ferengi's mother... insult something he cares about instead.
#33 It never hurts to suck up to the boss.
#34 Peace is good for business.
#35 War is good for business.
#40 She can touch your lobes but never your latinum.
#41 Profit is it's own more...
Math 101Last week I purchased a burger at Burger King for $1.58. The counter girl took my $2 and I was digging for my change when I pulled 8 cents from my pocket and gave it to her. She stood there, holding the nickel and 3 pennies, while looking at the screen on her register. I sensed her discomfort and tried to tell her to just give me two quarters, but she hailed the manager for help. While he tried to explain the transaction to her, she stood there and cried.Why do I tell you this? Because of the evolution in teaching math since the 1950s:
Teaching Math In 1950A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price. What is his profit?
Teaching Math In 1960A logger sells a truckload of lumber for $100. His cost of production is 4/5 of the price, or $80. What is his profit?
Teaching Math In 1970A logger sells a truckload of lumber for $100. His cost of production is $80. Did he make a profit?
Teaching Math In 1980A logger sells a more...
1950:
A lumberjack sells a truckload of lumber for $100. His cost of production is 4/5 of this price. What is his profit?
1960 (traditional math):
A lumberjack sells a truckload of lumber for $100. His cost of production is 4/5 of this price, or in other words $80. What is his profit?
1970 (new math):
A lumberjack exchanges a set L of lumber for a set M of money. The cardinality of set M is 100, and each element is worth $1. Make 100 dots representing the elements of set M. The set C is a subset of set M, of cardinality 80. What is the cardinality of the set P of profits, if P is the difference set MC?
1980 (equal opportunity math):
A lumberjack sells a truckload of wood for $100. His or her cost of production is $80, and his or her profit is $20. Your assignment: Underline the number 20.
1990 (outcome based education):
By cutting down beautiful forest trees, a lumberperson makes $20. What do you think of his way of more...
Teaching Math in 1950:
A logger sells a truckload of lumber for $100.
His cost of production is 4/5 of the price.
What is his profit?
Teaching Math in 1960:
A logger sells a truckload of lumber for $100.
His cost of production is 4/5 of the price, or $80.
What is his profit?
Teaching Math in 1970:
A logger exchanges a set "L" of lumber for a set "M" of money. The cardinality of set M is 100. Each element of M is worth one dollar. Make 100 dots representing the elements of the set M. The set C, the cost of production, contains 20 fewer points than set M. Represent the set C as a subset of set M and answer the following question: What is the cardinality of the set "P" of profits?
Teaching Math in 1980:
A logger sells a truckload of lumber for $100.
His cost of production is $80 and his profit is $20.
Your assignment: Underline the number 20.
Teaching Math in 1990:
By cutting down beautiful forest more...