Evolution of the math problem or dumbing down the recent grads
1960
A logger sells a truckload of lumber for $100. His cost of production is 4/5 of this price. What is his profit?
1970 (Traditional)
A logger sells a truckload of lumber for $100. His cost of production
is 4/5 of this price, or in other words, $80. What is his profit?
1970 (New Math)
A logger exchanges a set L of lumber for a set M of money. The cardinality of set M is 100 and each element is worth a dollar.