Question

Everyone will admit that swindling one's fellow beings is a necessary practice; upon it is based the really sound commercial success formula ________ .

• A. sell what you cannot buy back
• B. buy what you will sell to another at a higher price
• C. sell what you can, do not buy from a competitor
• D. buy cheap and sell dear

Hint:

In business and economics, the phrase "buy cheap and sell dear" perfectly describes the strategy of maximizing profit by purchasing items at a lower cost and selling them at a higher price.

Answer 1

The Correct Option is D

The sentence is discussing a commercial success formula based on swindling or exploiting others. "Buy cheap and sell dear" is a well-known economic phrase that refers to the practice of buying goods at a low price and selling them at a higher price, which is a common commercial strategy. Option (A), sell what you cannot buy back, doesn’t fit because it implies an exchange where something is sold but cannot be reclaimed, which doesn’t align with the concept of profit-making. Option (B), buy what you will sell to another at a higher price, is somewhat close but doesn't capture the essence of buying cheap and selling at a high profit. Option (C), sell what you can, do not buy from a competitor, is not a good fit because it introduces a concept of competition rather than focusing on the strategy of buying at a low price and selling at a high price. Thus, option (D) is the most appropriate choice.