How much money did the man make
- Thread starter QuanChi
- Start date
Depending on taxes and overhead to store the horse, I agree
weaponoffreedom
Elite
lost $40, assuming face value of question, no tax overhead labor etc.....
Buys Horse for $60
Sells Horse for $70
Profit $10
Buys Horse for $80
Sells Horse for $90
Profit $10
Total profit $20
Whats the trick?
Sells Horse for $70
Profit $10
Buys Horse for $80
Sells Horse for $90
Profit $10
Total profit $20
Whats the trick?
GreenNewMe
Poster
this is what i was going to say too he made 20 total because he made 10 each time
Chuck 2020
2022 Fantasy ⚾️ 🏆
I believe it’s only a $10 profit as he buys and sells the same horse. Well, at least that’s how I read it.
As @ChicagoFats mentioned, he nets $10 profit on each of his two purchases/sales. It shouldn't matter if it's the same horse, a different horse, or what the dollar amounts are. Only the delta in the buy/sell.
weaponoffreedom
Elite
he bought the horse for 60 in the beginning, is how I read it
Add how much he spent and how much he sold... then subtract the two to figure out how big of a fag you are.
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QuanChi
Elite
The original buyer incurs an additional $10 cost on himself when he buys it back the second time. He used his original $60, his profit, plus an additional $10 to buy the horse back.
Then he also incurred an additional $10 of profit when selling it for $90.
Show us your math. I showed mine.
Pineapple
Legendary
You’re reading something into the problem that doesn’t exist. This isn’t a continuous transaction.
Two separate transactions that he makes $10. on in each.
Answer =$20.
You are incorrect.
A $10 profit is under the assumption that he did not sell the horse again. But he does sell the horse again and thus has $20 extra dollars in his pocket.
Buys Horse for $60
Sells Horse for $70
Profit $10
Buys Horse for $80
Sells Horse for $90
Profit $10
Total profit $20
Just to humor the people saying anything other than $20.
Say you start with $100.
You buy the horse for $60. Balance: 100-60 = $40.
You sell the horse for $70. Balance: 40+70 = $110
You buy the horse for $80. Balance: 110 - 80 = $30
You sell the horse for $90. Balance: $30 + $90 = $120.
You started with $100 and now have $120. Therefore, $20 profit.
Say you start with $100.
You buy the horse for $60. Balance: 100-60 = $40.
You sell the horse for $70. Balance: 40+70 = $110
You buy the horse for $80. Balance: 110 - 80 = $30
You sell the horse for $90. Balance: $30 + $90 = $120.
You started with $100 and now have $120. Therefore, $20 profit.
Say you start with $70
You buy a horse for $60. Balance = $10
You sell a horse for $70. Balance = $80
You buy a horse for $80. Balance = $0
You sell a horse for $90. Balance = $10
Therefore, $10 profit.
Perhaps the beginning balance is required to understand the end balance.
LOL. In your third to fourth step, you mixed up the 'balance'. If you had 0, then sold it for 90, you then have $90. Started with 70 and now have 90. What's the difference?
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Some Facebook questions aren't actually only solvable by geniuses....
Holy shit, who knew this was anything but the simplest of math problems? Anyone who didn't instantly get $20, should die in a fire.
Thank you. I was racking my brain to see if there was some trick or something.
Exactly how I feel right now
It is $20. Any other answer is a troll or an idiot.
It’s funny how one stupid ass question can make a grown man forget what he knows, reverting back to 6th grade math class and watching how the others show their work.
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