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

[Scuti]

say he started with 100

100 - 60 = 40
40 + 70 = 110
110 - 80 = 30
30 + 90 = 120

120-100 = 20

 

[Chris Cool]

Not really. Just add all the numbers up

(-60) + 70 + (-80) + 90 = 20

That still doesn't take into account that he had to put the extra 10.
He made 10 off the first sell

Second sell he lost 20

Third sell gained 10.

He broke even.


*Naw I was right the first time

 

[easymoneysniper]

The answers in this thread make me

Its 20....but then he simped out and paid for a thots meal

 

[L&HH]

That doesn't take into account that he had to put the extra 10.

It actually does. Let's say he start off with exactly $60. He buys the goat. Now he has $0.

Then sells the goat now he has $70. for a total of +$10 from his original $60 position.

Now he needs another $10 to buy the goat again for $80 so he borrows $10. Now he's up $20 from his original position but has a $10 debt he needs to pay back. We won't concern with the debt right now and just focus on what cash he has which is now $80.

With the $80 he now buys the goat and has $0.

He then sells the goat for $90. Currently he's up $30 from his original $60 position. He repays the $10 loan (assuming no interest) and is finally left with $80. $20 more than his original $60. Hence he made $20.

 

[8WON6]

$160

 

[Brolic Scholar]

You can’t make money buying things for a higher price and not increasing your profit margin.

Making $10 on a $60 purchase is a gain of 17%.

Making $10 on a $80 purchase is a gain of 12.5%.

 

[Serious]

Product sold for $70
Product bought for $60
Profit is $10

Product sold for $90
Product bought for $80
Profit is $10

Total $20 profit

Listen to this guy, he's an accountant

 

[KENNY DA COOKER]

LMAO @ Adrien Broner going on Instagram to find people to help him solve one of his G.E.D questions



@Newzz come get your life partner

 

[O.T.I.S.]

Altogether its $20 but all he made was $10

Edit:

Oh shyt.. I think it's $30

He started at $60 and ended with $90

Edit: nevermind I think it's 20

 

[NoChillJones]

None he lost $10 .........

 

[broller]

Some of y'all failed math.

The answer is $20

 

[Brolic Scholar]

Some of y'all failed math.

The answer is $20

When you spend more for the second time you buy a goat you lost money.

 

[MR. SNIFLES]

10. nikkas is overlooking the fact that he sold it for 70 but had to put a 10 with it to buy for 80

THAT ASSUMES THAT HE ONLY HAD 60 OR LESS TO WORK WITH. IF HE STARTS WITH $100 HE MADE $20. THIS IS A MINDSET QUESTION.

IF HE HAS ENOUGH CASH FLOW TO MAKE BOTH PURCHASES THEN HIS PROFIT IS $20. HE DOES NOT TAKE A NET LOSS UNLESS HE HAS TO BORROW MONEY TO MAKE THE PURCHASES.

$100-60+70= $110
$110-80+90=$120

 

[Wiles]

10

 

[Wiles]

0