Friday Wisdom – Four Percent

Here’s a story my father use to tell:

There once was a jeweler who went to visit an accountant.  The accountant examined the books, bank statements and say, “You’ve done very well for your self, what’s the key to  your success?”

“I only take a four percent margin  on the jewelry I sell,” said the jeweler.

“Four percent?  That doesn’t make sense, you couldn’t have gotten this rich on just four percent.  How did you figure four percent,” replied the accountant.

“It’s easy.  I buy for one dollar and sell for five dollars and am happy with my four percent.”

About Andrew Reynolds

Born in California Did the school thing studying electronics, computers, release engineering and literary criticism. I worked in the high tech world doing software release engineering and am now retired. Then I got prostate cancer. Now I am a blogger and work in my wood shop doing scroll saw work and marquetry.
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16 Responses to Friday Wisdom – Four Percent

  1. Beautiful blog!

    Liked by 1 person

  2. Okay, I’m such a math geek that I had to re-read the punchline several times before I figured out the joke. My brain just kept going, “But that’s not four percent!” Sad but true…

    Liked by 1 person

  3. CJ Hartwell says:

    I guess some people benefit from not knowing math, just not the right people.

    Liked by 1 person

  4. George says:

    creative bookkeeping at its finest!

    Liked by 1 person

  5. Baydreamer says:

    I like his way of crunching numbers. 🙂

    Liked by 1 person

  6. kritsayvonne says:

    What? Sounds ok the way I do maths. Mind you, I never did pass my exams. x

    Liked by 1 person

  7. Debra says:

    There’s always a consumer willing to pay a high price for cheap goods!

    Liked by 1 person

  8. I like his method of accounting.

    Liked by 1 person

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