Notorious 1 E.Y.E.
Superstar
my fault, read ya question wrongDoesn't mean he used the same money
Just not enough info and too many possibilities
also no just add the numbers up, its 20
my fault, read ya question wrongDoesn't mean he used the same money
Just not enough info and too many possibilities
Fact 1: Startup is $60
Fact 2: Profit from sale one is $10
Fact 3: Total $ is $70 after
Fact 4: Second purchase is $80
Fact 5: He only has $70
Fact 6: To purchase you’re -$10
Fact 7: Sells at 90
Fact 8: He bought at $80 and sold at $90
Fact 9: He made $10
Fact 10: He was negative $10
Fact 11: 10 + -10 = 0
Except the question is "how much money did he MAKE"everybody here is actually right. @Brolic Scholar you are absolutely right with the 0 profit and everybody else is also right by saying 20 profit but you are all looking at the problem from a different angle. The gimick here is that they don't tell you how much money he has in his pocket to start with and that makes all the difference. If he had alot of money to play with then yes he absolutely made the $20 and you can think of it like a bank with infinte money flipping profits. But they don't actually tell you the full context here so you could also reasonably assume that he started with just the $60 in which case we also have to assume he took a $10 hit on the second trade which in the end resulted in a break even
In the end of the day, there is no clear right answer and these kind of "math questions" are designed with gimicks to give possibility for different answers for the purpose of making everyone comment in social medias
Your brain maybe a little bit chips out between your Fact 6 and fact 7
If he sells at 90 (Fact 7) from having -10 that means he now has 80. If he started off with 60 that means he made 20 more than he started with
It’s about what you have at an end versus an start of the scenario to see overall what you’ve made or lost smh
The question is stupidLmao.. nikka.. if he didn't have 80 already he couldn't buy it.
Please change your name sir. Your math does not fit the moniker of kingpin.He had 60
Sold it for 70 thats 10$ profit
Bought it for 80
Which is -10 profit
So hes at 0 profit
Then he sells it for 90 which is 10$ profit.
For everyone that insists the answer is anything other than 20, please state in which school district you received your primary education.This shyt is damn near cause for a class action suit.