Buying and Selling Game Contest #31 – 30 Hive to be won

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Hi Everyone,

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Welcome to the ‘Buying and Selling’ Game.


How to play?


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


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


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?


  • 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

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Note: Triangular Distribution

How are the results of the game determined?


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 29 (most recently posted version of this contest).

BSG_C29_THUMB_Results.jpg

Contest Prizes


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


For Contest 31, we will be trading between towns. The goods that we will be buying and selling are electric cleaning equipment.

For this contest, participants have been allocated $40,000 to buy 1 or more items of electreic cleaning equipment from any of the 5 towns. These towns are as follows:

  • Shine Town
  • Sparkle Valley
  • Spotlessville
  • Immaculate Town
  • Pristine Town

See map below:

Map of Towns

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All types of electric cleaning equipment are available in all 5 towns. The available electric cleaning equipment are as follows:

  • Electric Scrubber
  • Electric Mop
  • Vacuum Cleaner
  • Air Duster
  • Steam Cleaner
  • Pressure Sprayer

Table 1 contains the prices of each type of electric cleaning equipment for each town.

Table 1: Prices of electric cleaning equipment for each town

BSG_C31_Buying_Prices.jpg
Note: electric cleaning equipment can only be bought as whole pieces. For example, a participant could only buy 294 vacuum cleaners from Shine Town, as there is insufficient money to buy the 295th vacuum cleaner.


After buying the electric cleaning equipment, the participant must then sell all the electric cleaning equipment he or she has bought in just one of the towns 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 (Shine Town & Sparkle Valley)

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Table 3: Minimum, maximum, and mode (Spotlessville & Immaculate Town)

BSG_C31_MMM_2.jpg

Table 4: Minimum, maximum, and mode (Pristine Town)

BSG_C31_MMM_3.jpg


Entry format


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


Buying
Name of Place: Immaculate Town
Goods purchased: Steam Cleaner
Number purchased: 400
Amount spent on goods: $40,000

Selling
Name of Place: Sparkle Valley


The closing date and time for this contest is 6PM coordinated universal time (UTC) 31/07/2022. 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


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

If you have any questions, feel free to ask in the comments section. The Buying and Selling Game will be included in the upcoming 7-Week Challenge Series. More information will be available soon.


More posts

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If you want to read any of my other posts, you can click on the links below. These links will lead you to posts containing my collection of works. These 'Collection of Works' posts have been updated to contain links to the Hive versions of my posts.

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Hive: Future of Social Media

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Spectrumecons on the Hive blockchain

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23 comments
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Buying
Name of Place: Spotlessville
Goods purchased: Electric Mop
Number purchased: 421
Amount spent on goods: 39995

Selling
Name of Place: Immaculate Town

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Buying
Name of Place: Sparkle Valley
Goods purchased: Electric Scrubber
Number purchased: 1,290
Amount spent on goods: 39,990 $

Selling
Name of Place: Shine Town

Also, !1UP

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I like to buy goods from islands. It is a good place to transact.

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I prefer washing machines and I think I will buy first and make money selling them.

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Sounds like an amazing idea. I think you will do very well.

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Buying
Name of Place: Immaculate Town
Goods purchased: Steam Cleaners
Number purchased: 400
Amount spent on goods: $40,000

Selling
Name of Place: Shine Town

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Buying
Name of place: Shine Town
Goods purchased: Air Duster
Number purchased: 1250
Amount spent on goods: $40,000

Selling
Name of place: Pristine Town

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Buying
Name of place: Shine Town
Goods purchased: steam cleaner
Number purchased: 320
Amount spent on goods: $40,000

Selling
Name of place: Immaculate Town

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Yikes!
Goodluck guys

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You should have a try, it's not that difficult.

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(Edited)

Buying
Name of Place: Pristine Town
Goods purchased: Steam Cleaner
Number purchased: 459
Amount spent on goods: $39,933

Selling
Name of Place: Spotlessville

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Buying
Name of Place: Pristine Town
Goods purchased: vacuum Cleaner
Number purchased: 400
Amount spent on goods: $40,000

Selling
Name of Place: Sportlessville

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Buying #1
Name of Place: PRISTINE TOWN
Goods purchased: STEAM CLEANER
Amount spent on goods: 39.933$
Number purchased: 459

Selling
Name of Place: SPARKLEY VALLEY

Buying #2
Name of Place: SPARKLEY VALLEY
Goods purchased: ELECTRIC SCRUBBER
Amount spent on goods: 62$
Number purchased: 02

Selling
Name of Place: SHINE TOWN

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Buying
Name of Place: Pristine Town
Goods purchased: Steam Cleaner, Air Duster
Number purchased: 460 (459 Steam Cleaners, 1 Air Duster)
Amount spent on goods: $39,976 ($39,933 on Steam Cleaners, $43 on Air Duster)

Selling
Name of Place: Sparkle Valley

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