0:00:02 > 0:00:03I'm businesswoman, Saira Khan.
0:00:03 > 0:00:06I started trading when I was just a teenager.
0:00:06 > 0:00:10Now, I'm looking for the next generation of budding entrepreneurs,
0:00:10 > 0:00:14who are fantastic at trading and know how to make a profit.
0:00:15 > 0:00:18I'm looking for Britain's best young traders.
0:00:18 > 0:00:21Can you do three for £2?
0:00:21 > 0:00:24- Can I interest you in only 50p for the jumbo sword?- Yes.- No!
0:00:24 > 0:00:26From over a thousand applicants
0:00:26 > 0:00:2914 teams have made it through to the heats.
0:00:30 > 0:00:33- Would you like a pick-and-mix fruit dessert?- Very nice, lovely.
0:00:33 > 0:00:38They will be tested in a range of tough trading challenges.
0:00:38 > 0:00:40I don't know how I'll survive this challenge.
0:00:40 > 0:00:41You look amazing!
0:00:43 > 0:00:46Each team will be given £75.
0:00:47 > 0:00:48They must decide what to buy...
0:00:48 > 0:00:51- I think we need to look for a cheaper...- Cheaper option.
0:00:51 > 0:00:54- ..negotiate the lowest prices... - Deal!
0:00:54 > 0:00:56£8.40?
0:00:56 > 0:00:57You drive a hard bargain!
0:00:57 > 0:00:59Nice doing business with you.
0:00:59 > 0:01:01..and then they must sell, sell, sell.
0:01:01 > 0:01:03- Any ring you want.- Yeah. £10.
0:01:03 > 0:01:05Come on - glitzy glam!
0:01:05 > 0:01:09The team that takes the most money wins the challenge.
0:01:10 > 0:01:12But only the teams that top the leaderboard
0:01:12 > 0:01:17can be in with a chance of competing in the Grand Final in New York.
0:01:18 > 0:01:23Go play, USA... U-S-A!
0:01:24 > 0:01:28Watch them in action and listen out for my top trading tips
0:01:28 > 0:01:32and one day you, too, could Trade Your Way To The USA.
0:01:39 > 0:01:41Let's meet today's two teams.
0:01:41 > 0:01:45ALL: We are the Three Profiteers, and we're going to trade our way
0:01:45 > 0:01:46to the USA!
0:01:48 > 0:01:503 Profiteers are from Kent.
0:01:50 > 0:01:52They're wizards with facts and figures.
0:01:52 > 0:01:54We are the 3 Profiteers.
0:01:54 > 0:01:57We chose this name because we think it's original
0:01:57 > 0:02:00and we aim to make a profit on everything we sell.
0:02:01 > 0:02:02Hi, my name is Henry.
0:02:02 > 0:02:05My friends say I'm competitive, and I hate losing,
0:02:05 > 0:02:07and that's one of the reasons why
0:02:07 > 0:02:09I want to get stuck in to the competition.
0:02:10 > 0:02:14The reason we need Rob on our team is because he's a great bargainer.
0:02:14 > 0:02:15I usually trade
0:02:15 > 0:02:18all cricket stuff, because I'm into cricket.
0:02:21 > 0:02:23Hi, my name's Angus,
0:02:23 > 0:02:26I like coming up with cool new ideas to do with trading.
0:02:26 > 0:02:29For example, I've been growing plants - tomatoes, courgettes -
0:02:29 > 0:02:31and trading them for other produce.
0:02:31 > 0:02:34I think most of us aspire to go into business and trading
0:02:34 > 0:02:36when we're older.
0:02:36 > 0:02:39But 3 Profiteers are up against tough competition.
0:02:39 > 0:02:41Yay-hey!
0:02:41 > 0:02:46ALL: We are Impulse and we are going to trade our way to the USA!
0:02:47 > 0:02:51We are Team Impulse because we feel, to earn that money from business,
0:02:51 > 0:02:53you need the impulse, you need the instinct.
0:02:54 > 0:02:57Impulse are from East London
0:02:57 > 0:03:00and they're convinced they'll be great at the selling.
0:03:00 > 0:03:01To me, Honour's like a knife -
0:03:01 > 0:03:04he's sharp and he cuts
0:03:04 > 0:03:05straight through to business.
0:03:05 > 0:03:08And I like to talk to people a lot.
0:03:10 > 0:03:11Geraint is the person
0:03:11 > 0:03:13who spots the bargains,
0:03:13 > 0:03:15what to do, what not to do.
0:03:17 > 0:03:20I think Jason is like the number-cruncher,
0:03:20 > 0:03:24the mathematician, he knows how to work everything out.
0:03:24 > 0:03:27Hopefully we'll get far in life with business.
0:03:28 > 0:03:30So it's pioneering 3 Profiteers
0:03:30 > 0:03:32taking on Impulse, the deal-makers.
0:03:32 > 0:03:35I'm going to put their trading skills to the test.
0:03:35 > 0:03:39Which team will take the most money and win today's challenge?
0:03:43 > 0:03:46Where are we? A mediaeval castle?
0:03:46 > 0:03:48Hundreds of people on a battlefield, fighting?
0:03:48 > 0:03:52Others dressed up as knights and jesters?
0:03:52 > 0:03:54What's it all got to do with buying and selling?
0:03:54 > 0:03:58Let's reveal today's Trade Challenge to the teams.
0:03:58 > 0:03:59Welcome, everybody.
0:03:59 > 0:04:01Your trading challenge is to set up
0:04:01 > 0:04:06a historical hats and accessories stall at a massive mediaeval fair
0:04:06 > 0:04:09set in the grounds of a 900-year-old castle.
0:04:09 > 0:04:13But first, you've got to buy products for your stall.
0:04:13 > 0:04:16That's why we're here at Party Packs.
0:04:16 > 0:04:19They sell all types of historical hats and accessories,
0:04:19 > 0:04:21from shields to plastic swords.
0:04:21 > 0:04:25There's so much choice here at the fancy-dress warehouse,
0:04:25 > 0:04:28so the teams have to pick the right products
0:04:28 > 0:04:29to sell at the mediaeval skirmish.
0:04:32 > 0:04:35There'll be thousands of people stepping back in time,
0:04:35 > 0:04:39but what will they be interested in buying from our traders' stalls?
0:04:43 > 0:04:45This is your trading fund.
0:04:45 > 0:04:47Please spend it wisely
0:04:47 > 0:04:52and make sure you buy enough good stock for your stall.
0:04:52 > 0:04:58So, what will Impulse and 3 Profiteers spend their £75 on today?
0:04:58 > 0:05:01The first rule of trading is research.
0:05:01 > 0:05:03They now have 15 minutes to decide.
0:05:06 > 0:05:07They're not too badly priced.
0:05:07 > 0:05:11This sword over here, rather than this one.
0:05:11 > 0:05:13These goblets are good.
0:05:13 > 0:05:15THEY LAUGH
0:05:15 > 0:05:17Not the best look for you.
0:05:17 > 0:05:203 Profiteers go straight for the hats.
0:05:20 > 0:05:23So what do you think of these Roman helmets?
0:05:23 > 0:05:25Yeah, shall I try it?
0:05:26 > 0:05:28It's not very comfortable.
0:05:28 > 0:05:32- I think the wizards...- And if we're talking about a mediaeval skirmish.
0:05:32 > 0:05:35The Romans weren't around that much in mediaeval times.
0:05:35 > 0:05:37You're right, Angus. You do know your history -
0:05:37 > 0:05:40the Romans weren't around in mediaeval times.
0:05:42 > 0:05:47I think the axes and the swords will sell really well as a family.
0:05:47 > 0:05:49- I like these swords. - These swords will sell.
0:05:49 > 0:05:54- Swords with shields.- OK. Quite popular, swords.
0:05:54 > 0:05:56So, Henry, what's caught your eye?
0:05:56 > 0:06:00Um, quite a lot of things, but we've enjoyed looking at the axes,
0:06:00 > 0:06:04we think that this is quite fun for five, six-year-olds to play with,
0:06:04 > 0:06:07especially boys. They enjoy those type of things.
0:06:09 > 0:06:12Impulse aren't thinking about what boys would buy.
0:06:12 > 0:06:14Cleverly, they're focusing on the girls.
0:06:16 > 0:06:20- THEY LAUGH - So like, 57p...
0:06:20 > 0:06:24- Are we going to be doing silver too? - We should do silver and gold.- Yeah.
0:06:25 > 0:06:29My top trading tip is, when buying your product,
0:06:29 > 0:06:32consider other people's taste, not just your own,
0:06:32 > 0:06:35because customers love variety and choice.
0:06:37 > 0:06:403 Profiteers are looking at lots of different products.
0:06:40 > 0:06:45Cats might attract adults a little...as a garden feature.
0:06:45 > 0:06:48- Yeah...- Not that it's got much to do with mediaeval times.
0:06:48 > 0:06:51Yes, Angus, plastic cats aren't very mediaeval.
0:06:51 > 0:06:53Will people buy them?
0:06:54 > 0:06:58- Oh no, we definitely have to get these.- Yeah, yeah.
0:06:58 > 0:07:00OK, so these wizard hats...
0:07:00 > 0:07:04There's an attraction for these. However, they are rather expensive.
0:07:04 > 0:07:07- £3...- 86. - I don't think it's worth...
0:07:07 > 0:07:09Whether it's worth the price.
0:07:10 > 0:07:14It looks like both teams think hats will be popular
0:07:14 > 0:07:18at the mediaeval skirmish, but which ones are they going to buy?
0:07:18 > 0:07:21- It's not bad.- I think it looks really attractive.- Yeah.
0:07:21 > 0:07:23- What, so this?- Yeah.
0:07:24 > 0:07:28That's it, enough time looking - now it's decision time.
0:07:31 > 0:07:32Kate runs this warehouse.
0:07:32 > 0:07:35She knows all about the fancy-dress business.
0:07:35 > 0:07:39Impulse and 3 Profiteers have to get the best prices from her.
0:07:39 > 0:07:44In terms of negotiating price, what is your strategy?
0:07:44 > 0:07:46Well, of course, we'll put in a low offer,
0:07:46 > 0:07:49they'll probably go a bit higher than our offer,
0:07:49 > 0:07:53then we'll try and be only a gradual step up
0:07:53 > 0:07:55and see if they'll buy it.
0:07:55 > 0:07:58Give me an example of something that you've seen.
0:07:58 > 0:08:04- Well, the tiara. For the gold one it's about 52p for 10 pieces.- Yeah.
0:08:04 > 0:08:06We're planning to sell it probably at 60p,
0:08:06 > 0:08:09so we get like an 8p-increase in the price.
0:08:09 > 0:08:12Now they've got to negotiate with Kate.
0:08:12 > 0:08:15Remember, they've got £75 to spend.
0:08:15 > 0:08:17They need to haggle for the best prices now,
0:08:17 > 0:08:20so they can take the most money when they sell tomorrow.
0:08:20 > 0:08:22- Hello.- Hi, how are you getting on?
0:08:22 > 0:08:243 Profiteers are up first.
0:08:24 > 0:08:27They go straight for the jesters' hats.
0:08:27 > 0:08:32Would you be willing to sell them for ten for £22?
0:08:32 > 0:08:35The lowest I'll go on these is £2.40 each,
0:08:35 > 0:08:37that would make it £24.
0:08:37 > 0:08:39Are you sure you can't do £23.50?
0:08:39 > 0:08:43- £2.35, isn't it?- 23...- Go on then, I'll do £2.35,
0:08:43 > 0:08:45but that's the lowest I'll go on them.
0:08:45 > 0:08:48- How many do you want? - Ten, please, at £2.35
0:08:48 > 0:08:51£23.50 - that's a lot.
0:08:51 > 0:08:54It's a third of their trade fund on ten jester hats.
0:08:55 > 0:08:59Now for those plastic cats that could be a risky strategy.
0:08:59 > 0:09:05- I would do three cats...- Yep. - ..OK, for £8.50.
0:09:05 > 0:09:07Three cats for £8.40?
0:09:07 > 0:09:09You drive a hard bargain, you guys!
0:09:09 > 0:09:13Go on, then. Three cats for £8.40.
0:09:13 > 0:09:16Please can we have three wizard hats for £11?
0:09:16 > 0:09:20Well, the price was £3.86 and you only want to give me £3.66,
0:09:20 > 0:09:23so let's say £3.75.
0:09:23 > 0:09:27- £3.72?- £3.72.
0:09:27 > 0:09:30- That's lovely, so three of those. - Shall we pay you?
0:09:30 > 0:09:323 Profiteers are haggling over pennies here,
0:09:32 > 0:09:35but every penny counts when it comes to making a profit.
0:09:36 > 0:09:41We'd like to buy the inflatable St George hammer, 20 in all...
0:09:41 > 0:09:46- 20 in all, yes.- ..and we'd like to get an offer of £5.80.
0:09:46 > 0:09:49I'll do them for you for £6, OK?
0:09:49 > 0:09:54- £5.85?- £6 is my best deal. That is a really good price.
0:09:54 > 0:09:57So it's £6 for 20 hammers.
0:09:59 > 0:10:02Now it's the turn of Impulse to negotiate.
0:10:02 > 0:10:05Hi, so how are you getting on? Have you made your choices?
0:10:05 > 0:10:06- Yes.- What are you going for?
0:10:06 > 0:10:09- We've decided on your hero warrior shields...- OK.
0:10:09 > 0:10:12So, tell me, what are you prepared to pay for them each?
0:10:12 > 0:10:16We're planning to, kind of, get 30,
0:10:16 > 0:10:21- but we're planning to only pay for 20 of them.- Oh!
0:10:21 > 0:10:23I'm not sure that's going to work!
0:10:23 > 0:10:27So Jason's tactic is to buy in bulk and get ten for free.
0:10:28 > 0:10:32The price if you buy ten plus is 25p each which is a good price
0:10:32 > 0:10:35because I think you can make a reasonable profit on these.
0:10:35 > 0:10:40We're prepared to buy each one for 20p each.
0:10:40 > 0:10:4320p? Mm, I don't think I can do 20p.
0:10:43 > 0:10:4823p is going to be my absolute rock-bottom price on those.
0:10:48 > 0:10:51- That's like 40p off.- OK. - Does that sound good?
0:10:51 > 0:10:57With that 40p reduction, they buy 30 shields for £6.90.
0:10:57 > 0:11:01Jason, with his head for figures, is still leading the deal-making.
0:11:01 > 0:11:04How much can you do the Viking helmets for, Kate?
0:11:04 > 0:11:10- How many were you thinking about buying?- 15 for the price of 13 or 14.
0:11:10 > 0:11:13He's at it again, wanting freebies for a bulk buy.
0:11:14 > 0:11:16Kate's not playing the game.
0:11:16 > 0:11:21- Well, let's say you can have 15 at 75p each.- Thank you.
0:11:23 > 0:11:26Impulse now launch into their big trade strategy.
0:11:26 > 0:11:31They want to sell girls the idea of being a princess for a day.
0:11:32 > 0:11:36We want to buy both plastic tiaras in gold, and also the silver.
0:11:36 > 0:11:38- Good idea.- 13 each.
0:11:38 > 0:11:41- 13 of each. What did you want to pay for them all together?- £12.22.
0:11:41 > 0:11:46£12.22. That's 47p each... Yep, that's fine. Yep, 47p each.
0:11:46 > 0:11:51That's £12 on 26 tiaras.
0:11:51 > 0:11:53They want to buy rings to go with them.
0:11:54 > 0:11:56We're planning to buy 50 for £4.
0:11:56 > 0:12:00- So you want to buy 50 rings for £4. - Yeah.
0:12:00 > 0:12:03That's making them 8p each,
0:12:03 > 0:12:06which is more than I was going to sell them to you for.
0:12:07 > 0:12:11Oh dear, Impulse didn't see the rings are 6p each
0:12:11 > 0:12:13and they've offered to pay Kate more.
0:12:13 > 0:12:16It says 6p each or 7p each.
0:12:16 > 0:12:20They're 6p each. If you buy ten or more, you can have them for 6p each.
0:12:20 > 0:12:24- So how many did you want to buy? 50? - Yes, please.
0:12:24 > 0:12:27So, 50... That's going to cost you £3 for 50 rings.
0:12:27 > 0:12:28That's absolutely fine.
0:12:28 > 0:12:31Although they offered her a higher price,
0:12:31 > 0:12:34Kate's let them have those rings for 6p each.
0:12:35 > 0:12:37Top Tip to all traders...
0:12:37 > 0:12:41You must know your cost price before going into a negotiation,
0:12:41 > 0:12:44otherwise you could lose out on making a profit.
0:12:44 > 0:12:46# You're hot and you're cold... #
0:12:46 > 0:12:51So, the deals are done. What have each team bought with that £75?
0:12:53 > 0:12:593 Profiteers spent £35 on hats - three wizard and ten jesters.
0:12:59 > 0:13:00That's a lot.
0:13:00 > 0:13:05Buying three plastic cats for more than £8 could be risky.
0:13:05 > 0:13:08And they've gone big on lots of inflatable hammers, flags and axes.
0:13:12 > 0:13:15Impulse want to sell a "princess for a day" idea.
0:13:15 > 0:13:19They ended up spending £20 on tiaras and rings,
0:13:19 > 0:13:23the rest of Viking helmets and warrior shields and swords.
0:13:23 > 0:13:25So it's expensive hats, fit for a king,
0:13:25 > 0:13:29versus everything that glitters, for the princesses.
0:13:29 > 0:13:35Now it's all about who sells the most at the mediaeval skirmish.
0:13:35 > 0:13:38Only one team will win and still be in with a chance
0:13:38 > 0:13:39of trading their way to the USA,
0:13:39 > 0:13:42to become Britain's best young traders.
0:13:42 > 0:13:44Let the battle commence!
0:13:51 > 0:13:53It's the selling day.
0:13:53 > 0:13:57A day of fun and frolics and blood and guts and gore.
0:13:59 > 0:14:01We're at Berkeley Castle in Gloucester,
0:14:01 > 0:14:04where thousands of visitors are dressed up, for a weekend
0:14:05 > 0:14:07of mediaeval fun and battlefield madness.
0:14:09 > 0:14:10Charge!
0:14:10 > 0:14:13But what will people here be looking to buy?
0:14:14 > 0:14:17Well, here we are at Berkeley Skirmish.
0:14:17 > 0:14:18It's big, isn't it?
0:14:18 > 0:14:19ALL: Yes.
0:14:19 > 0:14:22Both teams have exactly three hours' selling time.
0:14:22 > 0:14:26The team that takes the most money wins today's challenge
0:14:26 > 0:14:29and has a shot at one of our semifinals.
0:14:29 > 0:14:35Win that and you'll be trading in our Grand Final, in New York.
0:14:35 > 0:14:37- Are you ready to sell? - ALL: Yes.
0:14:37 > 0:14:39Well, hurry up, then! Time is money! Come on!
0:14:39 > 0:14:41THEY LAUGH
0:14:45 > 0:14:46With just three hours to sell,
0:14:46 > 0:14:48which team will take the most money?
0:14:48 > 0:14:51The pressure is on to get their stalls ready.
0:14:52 > 0:14:55How are you getting on with blowing that up?
0:14:55 > 0:14:56Yeah, done!
0:15:05 > 0:15:08- The jester hats look brilliant, don't they?- Yeah, fabulous.
0:15:08 > 0:15:11Both teams are setting up their stalls and I think
0:15:11 > 0:15:14they have a real opportunity to make lots of money.
0:15:14 > 0:15:18There is lots of children here, but no other stall like theirs'.
0:15:18 > 0:15:19What they offer is unique
0:15:19 > 0:15:21and I just hope they get their pricing right.
0:15:25 > 0:15:283 Profiteers have gone big on expensive headgear.
0:15:28 > 0:15:30Wear the jester hats.
0:15:32 > 0:15:35They bought those jester hats for £2.35 each
0:15:35 > 0:15:39and want to sell them for £5 - a profit of £2.65.
0:15:45 > 0:15:46Put them on top.
0:15:46 > 0:15:47Yeah, that's the idea.
0:15:47 > 0:15:52Those three plastic cats cost them £8.40.
0:15:52 > 0:15:54I'm not sure they were a purr-fect buy.
0:15:54 > 0:15:57The cats we can put down here, so they are prowling around.
0:15:57 > 0:16:00Sure they'll be a good garden feature.
0:16:04 > 0:16:06Angus... We've got four.
0:16:06 > 0:16:08They are giving everything a price tag.
0:16:08 > 0:16:10This is what I like to see -
0:16:10 > 0:16:13clear pricing on products, to make it easy for customers to shop.
0:16:13 > 0:16:15Well done, The 3 Profiteers.
0:16:18 > 0:16:20Impulse have a sparkling trade strategy.
0:16:20 > 0:16:25They bought the tiaras for 47p and the rings for 6p each.
0:16:25 > 0:16:27They want to sell them as a multipack.
0:16:27 > 0:16:32We're giving one tiara and any section of five rings for £6.
0:16:34 > 0:16:36£6? That's expensive.
0:16:36 > 0:16:37Will they get any buyers?
0:16:40 > 0:16:43The Mediaeval Skirmish at Berkeley Castle is open.
0:16:43 > 0:16:45The visitors are arriving
0:16:45 > 0:16:47and it's crunch time.
0:16:47 > 0:16:50Impulse...
0:16:50 > 0:16:51The 3 Profiteers...
0:16:51 > 0:16:52- BANG! - ..start selling!
0:16:52 > 0:16:54£3.50 for one axe.
0:16:54 > 0:16:57Sword and a shield, we'll give it to you for £7 only.
0:16:57 > 0:16:59Usually it's £12.
0:16:59 > 0:17:02Hello, guys, can we interest you in any swords, axes, shields?
0:17:04 > 0:17:08- £3, if you buy an axe and a shield. - OK.- OK?
0:17:08 > 0:17:133 Profiteers' first sales are axes and shields, for £1.50,
0:17:13 > 0:17:15but there's no interest in those expensive hats.
0:17:19 > 0:17:21Impulse haven't started selling yet.
0:17:21 > 0:17:23Blocking their stall sword fighting
0:17:23 > 0:17:26isn't going to encourage the customers.
0:17:26 > 0:17:29Spotting a selling opportunity coming towards them,
0:17:29 > 0:17:31Henry and Angus pounce.
0:17:32 > 0:17:35Are you interested in a jester hat or a wizard?
0:17:37 > 0:17:38I'll swap you. You put on that.
0:17:40 > 0:17:41Oh, it's heavy.
0:17:41 > 0:17:43Here's my Top Tip...
0:17:43 > 0:17:46Always try and demonstrate your product, because customers
0:17:46 > 0:17:48love to try before they buy.
0:17:49 > 0:17:52- How's that?- Brilliant! - Oh, it's great. Suits you.
0:17:52 > 0:17:55- Would you be interested in buying, sir?- Tell you what,
0:17:55 > 0:17:57I might have one of these Merlin hats.
0:17:57 > 0:18:00- The Merlin hats, uh... - How much are they?
0:18:00 > 0:18:03They are only £4.99.
0:18:03 > 0:18:06- Once our bit's done, I'll come back. - Are you sure you'll come back, sir?
0:18:06 > 0:18:11- I'll be here all day.- OK. - You can't miss me.- OK, thank you.
0:18:11 > 0:18:133 Profiteers, you didn't close the deal there.
0:18:13 > 0:18:16Will the man really come back later?
0:18:18 > 0:18:20Over with Impulse, it looks like their
0:18:20 > 0:18:24Princess For A Day idea is taking off and they are doing a deal.
0:18:25 > 0:18:28I'm interested in one each of the tiaras. How much are these?
0:18:28 > 0:18:31- Buy one tiara, you get one free. - Sounds all right to me.
0:18:31 > 0:18:35'We're really trying to attract the girly customers -'
0:18:35 > 0:18:37the ones who are princesses inside.
0:18:37 > 0:18:40We are trying to find their inner spirit and reach out to them.
0:18:42 > 0:18:46- Can I have these three tiaras, please?- Three tiaras?
0:18:46 > 0:18:49- And five rings.- Five rings.
0:18:49 > 0:18:52- OK, which ones?- You can pick any ring you want.- That one.
0:18:58 > 0:19:00It's an hour into the selling challenge
0:19:00 > 0:19:03and 3 Profiteers have a problem.
0:19:03 > 0:19:06They have had no buyers for their most expensive items -
0:19:06 > 0:19:09their jester hats and black cats.
0:19:10 > 0:19:13Time to take drastic action and take them to the battlefield.
0:19:13 > 0:19:16Jester hats and rubber cats, anyone?
0:19:16 > 0:19:19- I'll have a sword.- Cheers.
0:19:20 > 0:19:22I think my garden needs a rubber cat.
0:19:22 > 0:19:24- It does. - Every garden needs a rubber cat.
0:19:24 > 0:19:26At last, a cat is sold, for £4.
0:19:26 > 0:19:29That is a profit of £1.30.
0:19:29 > 0:19:31How much are the wizard hats?
0:19:31 > 0:19:35- We're doing it for £2, with the beard.- With the beard?
0:19:35 > 0:19:37- Yeah.- I don't need the beard. I've got one already.
0:19:41 > 0:19:43'Wandering around away from the stall,
0:19:43 > 0:19:45'we've sold a couple of items.
0:19:45 > 0:19:49'We sold a sword and a jester hat, which have got some good money in.'
0:19:49 > 0:19:50- Yeah, why not?- You look brilliant.
0:19:50 > 0:19:52'This jester hat was the first we have sold'
0:19:52 > 0:19:54all day, so it's quite good.
0:19:54 > 0:19:56Suits you. It's the newest fashion.
0:19:56 > 0:20:01They made a profit of £2.65 on that jester hat, selling it for £5.
0:20:04 > 0:20:08Impulse are sticking with their stall and keeping prices high.
0:20:08 > 0:20:10They bought those flags for 20p each
0:20:10 > 0:20:12and a lady wants to buy a lot of them.
0:20:12 > 0:20:16- How much are they?- We'll give them to you for £20, altogether.
0:20:16 > 0:20:20- £20?!- But we'll give it you for 15, as a special offer.
0:20:20 > 0:20:23- Because it's you! - Because it's me!
0:20:23 > 0:20:26- You're a princess. - Oh, thank you, so much!
0:20:26 > 0:20:29Can you do something slightly better for me?
0:20:29 > 0:20:35- OK, £10...- £10?- ..for 12 flags and one big flag.- It's a deal.
0:20:35 > 0:20:37They've sold 13 flags for £10.
0:20:37 > 0:20:42- Enjoy your day. - Thank you very much, indeed.
0:20:42 > 0:20:45Wow! That's a £7 profit.
0:20:47 > 0:20:49- Well done, lads.- Thank you very much.
0:20:50 > 0:20:53With just 30 minutes of the selling challenge left,
0:20:53 > 0:20:543 Profiteers have a new strategy -
0:20:54 > 0:20:56sell more for less.
0:20:56 > 0:20:58Right, how many have we got?
0:20:58 > 0:21:00We have...16.
0:21:00 > 0:21:02And your hammer and your shield?
0:21:02 > 0:21:05- Hammer and shield, as well?- Yeah.
0:21:05 > 0:21:07We'll do that all for you for £3.
0:21:07 > 0:21:08Yeah, have a nice day.
0:21:08 > 0:21:12- Thank you.- Bye.- I'll find some lucky kids now to give them out to.
0:21:12 > 0:21:15That's 16 flags for £3.
0:21:18 > 0:21:20Thank you very much.
0:21:20 > 0:21:21Thank you very much.
0:21:21 > 0:21:24Are you interested in anything?
0:21:24 > 0:21:263 Profiteers, OK. How's it going?
0:21:26 > 0:21:29Brilliantly, actually. Really good.
0:21:29 > 0:21:33We managed to shift the more expensive stuff.
0:21:33 > 0:21:37The hats and the cats.
0:21:37 > 0:21:40So what's your strategy now, to get rid of this stuff?
0:21:40 > 0:21:44- Sell it cheaply.- Yeah, trying to... - Try and still make a profit
0:21:44 > 0:21:45but go a lot down.
0:21:45 > 0:21:50They're selling a lot of things, but does dropping their prices mean
0:21:50 > 0:21:52they're going to take the most money?
0:21:52 > 0:21:55Shields, only 20p! Only 20p!
0:21:55 > 0:22:00I'm worried they're selling things for less than they bought them for.
0:22:00 > 0:22:02Can I interest you - only 50p for the jumbo sword.
0:22:02 > 0:22:03- Yes!- No!
0:22:03 > 0:22:0510p for a flag!
0:22:05 > 0:22:0610p for a hammer!
0:22:08 > 0:22:09There's just 15 minutes left.
0:22:09 > 0:22:14Impulse have kept their prices high, but have a lot of stock left.
0:22:14 > 0:22:18They now pick up the pace and get out to sell, sell, sell.
0:22:20 > 0:22:23- There you go. Good luck.- Thank you. - Thank you very much.
0:22:26 > 0:22:30You have ten minutes left! You've got to get rid of everything. Go!
0:22:33 > 0:22:36And look - 3 Profiteers have found the dark knight
0:22:36 > 0:22:38who said he'd buy the wizard's hat.
0:22:38 > 0:22:41- Here you go. Keep that. - Thank you very much.
0:22:41 > 0:22:44They close the deal, making a profit of £1.30.
0:22:48 > 0:22:52With just minutes left, Impulse drop their prices.
0:22:52 > 0:22:55- Can we see the shield? - They're three for £1.
0:22:55 > 0:22:57They bought those shields for 23p each.
0:22:57 > 0:23:00Now they're selling them three for £1.
0:23:02 > 0:23:04Three shields for £1!
0:23:05 > 0:23:10It's a race as both teams push for those final sales.
0:23:10 > 0:23:12I'll have a helmet, then!
0:23:12 > 0:23:14Can we have two?
0:23:14 > 0:23:1514 rings for £1!
0:23:15 > 0:23:17- 50p?- 50p?
0:23:17 > 0:23:19Their selling time is over.
0:23:19 > 0:23:20CANNON BLAST
0:23:23 > 0:23:25That's it. Stop selling.
0:23:25 > 0:23:29Impulse do have products left. 3 Profiteers have sold out.
0:23:29 > 0:23:32Which team has taken the most money?
0:23:32 > 0:23:36The winners today could get through to the big New York final,
0:23:36 > 0:23:39where they will compete against another team
0:23:39 > 0:23:41to be named Britain's best young traders.
0:23:44 > 0:23:47Your challenge was to sell historical hats and accessories
0:23:47 > 0:23:49at Berkeley Skirmish.
0:23:49 > 0:23:53If your takings are good enough to get you through to a semifinal,
0:23:53 > 0:23:55what will you do differently?
0:23:55 > 0:23:59I think we'll improve our customer services and our tactics.
0:23:59 > 0:24:00We also have to realise
0:24:00 > 0:24:03that there is more than one customer, when it comes to selling.
0:24:03 > 0:24:07And the 3 Profiteers, how do you think you've done?
0:24:07 > 0:24:10I think we did really well out of our £75, making a lot of profit.
0:24:10 > 0:24:12What were your highlights?
0:24:12 > 0:24:16Well, the cats seemed to sell very well, but we didn't buy enough,
0:24:16 > 0:24:18so we were sold out after a while.
0:24:18 > 0:24:19Do you think you've won?
0:24:19 > 0:24:21I think we've got a chance.
0:24:21 > 0:24:23I was quite happy with what we sold.
0:24:23 > 0:24:25Well, I've been watching both teams
0:24:25 > 0:24:27throughout the buying and selling process
0:24:27 > 0:24:29and these are my observations.
0:24:29 > 0:24:33Impulse, you bought some really good stock.
0:24:33 > 0:24:35When you were buying your stock,
0:24:35 > 0:24:39I was concerned that you weren't haggling enough with Kate.
0:24:39 > 0:24:453 Profiteers, you spent your money across lots of different categories
0:24:45 > 0:24:47and I was a little bit concerned about that,
0:24:47 > 0:24:49because I thought you weren't focussing
0:24:49 > 0:24:53on thinking about who would be there at the event,
0:24:53 > 0:24:55and who your target market would be.
0:24:55 > 0:25:00The team that makes the most money wins the challenge
0:25:00 > 0:25:03and has a shot at one of our semifinals.
0:25:03 > 0:25:08Win that and you'll be in our Grand Final,
0:25:08 > 0:25:09trading in New York.
0:25:09 > 0:25:11So, who has won the challenge?
0:25:15 > 0:25:173 Profiteers...
0:25:19 > 0:25:21You took...
0:25:21 > 0:25:25£98.05
0:25:27 > 0:25:32Impulse, you took...
0:25:36 > 0:25:39..£98 and...
0:25:44 > 0:25:45..15p.
0:25:49 > 0:25:54'So, Impulse look shocked. No wonder - they've just won by 10p.
0:25:54 > 0:25:56'Such a close result.'
0:25:56 > 0:26:00Wow! That was a close one.
0:26:00 > 0:26:05- Well done. I thought you would have won.- Well done.- So close!
0:26:07 > 0:26:08Ten pennies!
0:26:09 > 0:26:15Guys, high five, cos that is a winning result! Well done.
0:26:15 > 0:26:19Henry, is there anything you could have done better?
0:26:19 > 0:26:21I think if we raised our prices a tiny bit,
0:26:21 > 0:26:24but on hindsight, you do think like that if you lost.
0:26:30 > 0:26:35From their £75 trade fund, Impulse took £98.15.
0:26:35 > 0:26:37That's a £23.15 profit.
0:26:39 > 0:26:42Let's look at the leaderboard.
0:26:42 > 0:26:45Impulse are now in first place, in front of the OAPs.
0:26:45 > 0:26:49Remember, only the four winning teams who take the most money
0:26:49 > 0:26:51get through to the semifinals.
0:26:51 > 0:26:55The two best will go on to compete in the grand New York final.
0:26:57 > 0:27:00Trade Your Way To The USA!
0:27:01 > 0:27:05But only one team will be named Britain's best young traders.
0:27:07 > 0:27:10Next time on Trade Your Way To The USA
0:27:10 > 0:27:11there's fruit to be picked...
0:27:11 > 0:27:13Really nice.
0:27:13 > 0:27:15..and haggling to be done...
0:27:15 > 0:27:17- £1.- £1. £1.50?
0:27:17 > 0:27:22..as two teams of traders battle it out at a busy farmer's market.
0:27:22 > 0:27:23Would you like to chose?
0:27:23 > 0:27:25Anyone want any Eton Mess?
0:27:25 > 0:27:26Thank you very much.
0:27:26 > 0:27:28Come on, glitzy glam!
0:27:39 > 0:27:41Subtitles by Red Bee Media Ltd
0:27:41 > 0:27:44E-mail subtitling@bbc.co.uk