Three contractors . . . one from India, another from Germany and the third from England are bidding to repair the White House fence. They go with a White House official to examine the fence.
The English contractor takes out a tape measure and does some measuring, then works some figures with a pencil. "Well," he says. "I figure the job will run $900 . . . $400 for materials, $400 for labour and $100 profit for me."
The German contractor also does some measuring and figuring, then says, "I can do this job for $700 . . . $300 for materials, $300 for my crew and $100 profit for me."
The Indian contractor doesn't measure or figure, but leans over to the White House official and whispers: "$2,700."
The official, incredulous, says, "You didn't even measure like the other guys! How did you come up with such a high figure?"
"Easy," the Indian explains, "$1,000 for you, $1,000 for me and we hire the guy from Germany to do the work."
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