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SignUp Now!Depending on taxes and overhead to store the horse, I agree$10 more or less
this is what i was going to say too he made 20 total because he made 10 each timeBuys 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?
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.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.
he bought the horse for 60 in the beginning, is how I read itBuys 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?
This is the correct answer$10 more or less
This is the correct answer
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?
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.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.
You’re reading something into the problem that doesn’t exist. This isn’t a continuous transaction.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.
You are incorrect.I'm with @QuanChi
Horse buyer applied gains on the first transaction to the second purchase and wound up netting $10 with the $90 sale.
Say you start with $70Just 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.
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?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.
Oops.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?
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.
Exactly how I feel right nowThank you. I was racking my brain to see if there was some trick or something.
Thank you. I was racking my brain to see if there was some trick or something.
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.Exactly how I feel right now