A man buys a goat for $60, sells it for $70....

[FeloniousMonk]

Y’all are overthinking it. It didn’t ask how much he profited, it just asks how much he made in general.
$160
/thread

SO If I borrowed your last $100 and said that I'd give you back $10 bucks...youre telling me you just made $110?

 

[™BlackPearl The Empress™]

$10

 

[null]

This is third grade level math and 50% of you are failing

That means 60% (the majority) are passing bru..

 

[Lifer11]

Dude buys for 60

Sells for 70

= 10 profit(correct)

Buys back for 80( he spends his 70 that he made plus another 10)

Now he is -10

Sells it for 90(correct) u would assume he makes 10 off It correct? No cause he has to put the extra 10 in step 2 back where he got it from.


Either way u look at it it’s not 20

He gives the $10 back, which we can apparently assume he borrowed but we can't assume he had more money. So out of the $90 in his pocket he pays the $10 loan back. He now has $80 in his pocket. He started with $60. He made $20 profit.

U even do the math in ur post. He's -$10, sells the goat for $90, that leaves him +$80. Again, he started with $60, he made $20.

 

[Field Marshall Bradley]

Y’all are overthinking it. It didn’t ask how much he profited, it just asks how much he made in general.
$160
/thread

Another loop thrown into the equation

 

[Donald J Trump]

No wonder we don’t own shyt

 

[R.E.N. Spells Ren]

I really hope y'all non-$20 nikkas is trolling.

 

[MewTwo]

-60
+70 ($10 profit)
-80 ($70 debt)
+90 ($20 profit)

$20 profit

What's the problem?

 

[MR. SNIFLES]

No wonder we don’t own shyt

THEY LOOKING AT THEIR BALANCE SHEETS LIKE

 

[Man]

Coli 6 figure 6 certs businessmen huh

Simplest way to solve this is to think of it as two separate transactions with $10 being made each time = 20 shmula

 

[Devilinurear]

Why is this person buying the same goat twice?

 

[R.E.N. Spells Ren]

He gives the $10 back, which we can apparently assume he borrowed but we can't assume he had more money. So out of the $90 in his pocket he pays the $10 loan back. He now has $80 in his pocket. He started with $60. He made $20 profit.

U even do the math in ur post. He's -$10, sells the goat for $90, that leaves him +$80. Again, he started with $60, he made $20.

Apparently you can't "assume" he has more than $60 to begin with, but you can assume he borrowed $10 from a loan shark with a 100% vig

 

[AllHolosEve]

Everybody adding in shyt like where he got the money, did he borrow, etc... Y'all thinking way to hard...

These are 2 SEPARATE transactions... He made $10 from each transaction... Nobody would be bring up a loss of $10 if it said these were 2 different goats & the numbers are the same..

 

[R.E.N. Spells Ren]

Why is this person buying the same goat twice?

To sell it twice.

The only answer I'll accept other than he made $20 is that he lost $10 by not selling the goat to the second buyer the first time around.

 

[Field Marshall Bradley]

It’s 20 dollars