Hi Everyone,

![BSG_25_THUMB.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23uQLiZc9F45tw47JorwT5pcCEqq4Vnsgv5ocznvLT6gt4NfXxzKTwi2Lo7ZK2MBYgeKb.jpg)
**Source: Images of Roller Skates and Scooter have been taken from Amazon.uk.co.**

## Welcome to the ‘Buying and Selling’ Game.

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## How to play?

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The ‘Buying and Selling’ Game involves three simple steps. 

1.	Choose one or more of six goods to buy.
2.	Choose the city, town, island or planet where you will be buying these goods.
3.	Choose the city, town, island or planet where you will be selling these goods.

All the information you need to know to play the game is provided in the question; i.e. no external research is required as all prices are hypothetical and locations are fictitious.

All entries must be made in the comments section of this post.

Each account is only permitted one entry.

## Objectives of the game

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The objective of the game is to make the highest profit from the sale of all the goods you have bought. If two participants make the exact same profit, the participant who entered first wins. 

**If nobody makes a profit (i.e. nobody enters the contest or if all participants make a loss), the prize of 30 Hive will be rolled over to the next contest. Therefore, the prize for the next contest will be 60 Hive.**

## Game assumptions

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All goods of the same type are identical; for example, Good A bought in Town X is the same as Good A bought in Town Y.

There are zero transaction and transport costs.

All cities, towns, islands and planets use the same currency.

## What information is provided?

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-	All the cities, towns, islands and planets are provided.
-	All the goods that can be bought in the game are provided.
-	All the buying prices of the goods are provided.
-	None of the selling prices of the goods are provided. Instead, a possible range of prices is provided. This range is represented by maximum, minimum, and mode prices (i.e. most frequently occurring price). See diagram below.

### Selling Price Distribution

![Sell_Price_DISTRI.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/6d5znCpO-Sell_Price_DISTRI.jpg)
**Note: Triangular Distribution**

## How are the results of the game determined?

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A Microsoft Excel Model is used to determine the selling prices of each good in each city, town, island, or planet. These prices will be used to calculate the profits made by each participant. In the results post, the calculation of the selling price will be presented in a video. Below is the results post for Contest 22 (most recently posted version of this contest).

[![BSG_C22_THUMB_RESULTS.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23tvArhnbiWEFzSNKepWJG4mVmo3Nn3UkHau8MuN9TNkhhYyyhnQLmZm4vJiWgSWbZrBD.jpg)](https://peakd.com/hive-112018/@spectrumecons/srrklrkp)

## Contest Prizes

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The account with the winning entry will receive 30 Hive and the first 12 entries will be given upvotes. The most profitable buying and selling price combination is also calculated. If the winner adopts this strategy, he or she will receive an additional 5 Hive.

## Let the contest begin

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For Contest 25, we will be trading between country towns. The goods we will be buying and selling are non-motorised vehicles.

For this contest, participants have been allocated **$22,000** to buy 1 or more non-motorised vehicles from any of the 4 towns and city. These towns and city are as follows:

-	Ramp Town
-	Lanesville
-	Rubber Town
-	Rolling Hills
-	BMX City

**See map below:**

### Map of Towns and City


![BSG_25_MAP.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23tSSP1RuPeCahYx7KxuwXZrBfd1iuvFQ2f8caAx1y5tCNXkbbWh9E4wGANWEM8rY8PfS.jpg)

All types of non-motorised vehicles are available in all 4 towns and city. The available non-motorised vehicles are as follows:

-	Skateboards
-	Roller Skates
-	Inline Skates
-	Bicycles
-	Scooters
-	Tricycles

Table 1 contains the prices of each type of non-motorised vehicle for each town and city.

### Table 1: Prices of non-motorised vehicles for each town and city

![BSG_25_Prices.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23t75758AY15gXri15kvqb1Pe4mc9u7XfFcfHkpEkvN4QEQKPSFNfuSc2WBy5fYVXoxhM.jpg)
**Note: Non-motorised vehicles can only be bought as whole vehicles. For example, a participant could only buy 224 Scooters from Rubber Town, as there is insufficient money to buy the 225<sup>th</sup> Scooter.** 

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After buying the non-motorised vehicles, the participant must then sell all the non-motorised vehicles he or she has bought in just **one** of the towns or the city named in the question. Remember, the selling prices are revealed in the results post. These prices are determined using the information provided in Tables 2, 3, and 4.

### Table 2: Minimum, maximum, and mode (Ramp Town & Lanesville)

![BSG_25_MinMaxMode_1.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23t74ZkkseJ8CC8m2ca1yXqvpC6b6uPrK8Fduya7oqErLrDqLjRXhgUwTybyDQQ5Hm8k8.jpg)

### Table 3: Minimum, maximum, and mode (Rubber Town & Rolling Hills)

![BSG_25_MinMaxMode_2.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23t74Zkku2cQoLCN1Q7BoAqHt6JSvV9yvXJawg1js9wZGx2BrNio9bRL529p7y9QP9Yg3.jpg)

### Table 4: Minimum, maximum, and mode (BMX City)

![BSG_25_MinMaxMode_3.jpg](https://files.peakd.com/file/peakd-hive/spectrumecons/23tRpMFgmp6dGYWrqRqWH7BxDZSAYacqfrZCMgFAftnjaifd4B3p9ruJhXiaHjHHRcaN7.jpg)

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### Entry format

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For this contest, I expect to see entries made in the following format:

**Buying**
Name of Place: 
Goods purchased: 
Number purchased: 
Amount spent on goods: 

**Selling**
Name of Place: 

### Example of entry

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**Buying**
Name of Place: Rolling Hills
Goods purchased: Roller Skates
Number purchased: 500
Amount spent on goods: $22,000

**Selling**
Name of Place: BMX City

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The closing date and time for this contest is **6PM coordinated universal time (UTC) 28/01/2022**.  Responses after this time will not be accepted. The answers will be provided in the results post along with the video containing the generation of selling prices using the model.

I hope everyone has fun and enjoys this contest. 

## More information

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If you want to know more about the ‘Buying and Selling’ Game, I suggest that you watch the following video:

https://www.youtube.com/watch?v=u5uMfTT2Juo

If you have any questions, feel free to ask in the comments section.  

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