A man buys a horse for $60. He sells the horse for $70.
He then buys the horse back for $80. And he sells the horse again for $90. In the end, how much money did the man make or lose?
Or did he break even?
He then buys the horse back for $80. And he sells the horse again for $90. In the end, how much money did the man make or lose?
Or did he break even?
Comments
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20 logic:
start with $500, do everything and you'll end up with $520
10 logic:
bought $60 for $60 value
sold $70 for $60 value (+10 so far)
bought $80 for $70 value (-10, even again)
sold $90 for $80 value (+10 again)
i have no idea how anyone could get anything else, but 20 is the intuitive (imo) and also correct answer?? -
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theory: the man lost everything he made to taxes and now he owes 20 dollars to the IRS
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+10 +10
+20