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Giorghi wasn't doing too badly as a gardener. His monthly salary was 700 euro. His taxes and social security were covered by his employer. His accommodation, heating adn electricity came with the job. So this equated to an additional monthly income of around 300 euro. He could eat meals three times a day when he was at the golf club. and thie 'earnt' him another 200 euro, give or take. So his monthly net income could be said to the 1200 euro in total.

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Couldn't he do something with these balls? A golf ball wasn't all that cheap. A new one cost about three euro. But you could also buy second hand balls for about one euro each. so couldn't Giorghi retrieve the lost balls and sell them? Why not? he started looking into it at once. He immediately established that: there was a ready market at the golf club for all the balls he found, and the club would naturally give him the rights to collect and sell the balls as he was well loved by everyone, but he would need to give up his gardening job and its perks.

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Giorgio's research revealed the following: An average of 5 balls were being lost each game. Despite some seasonal variation, an average of 1000 people played at the club every month. An average of 5000 balls a month, so 60000 a year were being lost. Around 40% of the balls were lost in the bushes. But recovering these was not worth the effort. However, it was possible to recover all the balls that fell into the water. So it was possible to recover 3000 balls a month and so 36000 a year.

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How many balls do I expect to recover? Number of balls lost: 5000, balls lost in the bishes: 2000, balls lost in the water: 3000, percentage of ball that could be recovered: 50% = 1500 balls My monthly income? Number of balls recovered from water: 1500, value of one golf ball: 1 euro = 1500 euro

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