Hi Everyone,
Welcome to the ‘Buying and Selling Game’ Contest 8 results post. This post contains a video of the ‘Buying and Selling Game’ Excel Model generating the selling prices for each good from each island.
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 of these goods are available in any of the 5 towns, cities, islands 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 number days until post payout). The selling prices for all goods in all towns, cities, islands or planets are not provided. Instead, the question provides a minimum, maximum, and mode selling price for each good in each town, city, island or planet.
The participant that has the most money after selling all his or her goods is the winner. The winner of the contest receives 20 Hive and other entries receive upvotes.
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 clothing item on each island.
Table 1: Selling prices of clothes
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 8 is @steemflow. He made a profit of approximately $682.
On Southest Island, he bought 71 t-shirts at $14 each. He paid total of $994.
On Kingdom Island, he sold the 71 t-shirts at $23.61 each. He received a total of $1,676. Therefore, he made a profit of $682 (1,676 – 994).
Highest possible profit
@steemflow’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 item of clothing in Table 3.
Table 3: Lowest buying price and highest selling price
I would also like to thank @adityajainxds and @gank for participating in the contest.
More posts
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