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

[New Username]

Why do people keep assuming the post is talking about profit

You’re wrong if you said any other answer than 90.

 

[Dafunkdoc_Unlimited]

Sold you my goat and you can't buy it back
I got all of your loot and you can't get it back
Now the loot that you gave me you can't have it back
'Cause it's just not goin' down like that......

Spoiler

 

[OC's finest]

Nah no fail here bro. Ya'll geniuses plus the idiots writing the articles don't understand math nor business. I am 100% right.

The stupid thing yall are saying is these are two separate transactions. But in every answer posted that says the profit was $20 at the end, is adding the profit from the first deal.

But then not adding the expense of buying the goat back. There is no business that equates their profit with only the cash back after a collection of transactions.

You have to ALSO account for the expense. Ya'll geniuses are not doing that.

Let me break it down like others have done, but this time this is 100% correct.

1- Buy the goat for $60 and sells it for $70 = $10 profit

2- Buy the SAME goat for $80, but how the F*ck did he get the $80 when he only had $70 from the 1st transaction?
He clearly needed to add $10 to his $70 to get the $80 dollars to buy back the goat. The $10 profit from the 1st transaction is NOW GONE! because he put $10 more dollars into his business in order to buy the goat the second time!
$10 profit + $10 business expense = BREAK EVEN!
**This is how business works.**

3- Dude is now even. With a used GOAT in his hands.

4- Dude sells the Goat for $90 and now is back at $10 profit.

This is how BUSINESS works. You don't look at each transaction separately and then just add the profit from each, YOU ALSO HAVE TO TAKE IN ACCOUNT THE EXPENSE.

Anyone says I'm wrong don't understand simple math or simple economics!

simple math or simple economics



how old is u bruh, to fail this bad at accounting

the answers in here seriously got me like

remedial dudes in here fr

 

[EatingGoodNow]

These brehs are so arrogant with the wrong answers like they work on Wall Street or something.

The answer is 60.

Spoiler

Nah it’s 20. I can’t perpetuate the ignorance

 

[GoPro]

..edit,

multiple ppl already got the weed answer. surprise surprise

 

[Gwoppo]

$10

 

[Supercoolmayo]

im never taking any advice from any of you non 20 brehs

 

[MITS]

It’s $10.

Whoever says anything else I hope you are leaning towards a career outside of finance or business

 

[Buggsy Mogues]

Nah no fail here bro. Ya'll geniuses plus the idiots writing the articles don't understand math nor business. I am 100% right.

The stupid thing yall are saying is these are two separate transactions. But in every answer posted that says the profit was $20 at the end, is adding the profit from the first deal.

But then not adding the expense of buying the goat back. There is no business that equates their profit with only the cash back after a collection of transactions.

You have to ALSO account for the expense. Ya'll geniuses are not doing that.

Let me break it down like others have done, but this time this is 100% correct.

1- Buy the goat for $60 and sells it for $70 = $10 profit

2- Buy the SAME goat for $80, but how the F*ck did he get the $80 when he only had $70 from the 1st transaction?
He clearly needed to add $10 to his $70 to get the $80 dollars to buy back the goat. The $10 profit from the 1st transaction is NOW GONE! because he put $10 more dollars into his business in order to buy the goat the second time!
$10 profit + $10 business expense = BREAK EVEN!
**This is how business works.**

3- Dude is now even. With a used GOAT in his hands.

4- Dude sells the Goat for $90 and now is back at $10 profit.

This is how BUSINESS works. You don't look at each transaction separately and then just add the profit from each, YOU ALSO HAVE TO TAKE IN ACCOUNT THE EXPENSE.

Anyone says I'm wrong don't understand simple math or simple economics!

LMAOOOOOOOO you really thought you solved this one didn't you Sherlock.

Let's look at it breh. I got $90, you got a goat.

I buy the goat for $60, now I only have $30 (90-60 = 30) left, correct?

I sell the goat for $70, so now I have $100 (70 + 30 = 100) total, correct?

At this point, I've made a $10 profit.

I buy the goat back for $80, which drops my total to $20 (100 - 80 = 20) correct?

Finally, I SELL the goat for $90, which bumps my total up to $110 (90 + 20 = 110) correct?

So I started with $90 and at the end of the transactions, I have $110.

I made $20

 

[Renkz]

The Coli vs Math threads are always entertaining

 

[Stir Fry]

It's not what he made, but how much he spent

 

[y2flyy]

LMAOOOOOOOO you really thought you solved this one didn't you Sherlock.

Let's look at it breh. I got $90, you got a goat.

I buy the goat for $60, now I only have $30 (90-60 = 30) left, correct?

I sell the goat for $70, so now I have $100 (70 + 30 = 100) total, correct?

At this point, I've made a $10 profit.

I buy the goat back for $80, which drops my total to $20 (100 - 80 = 20) correct?

Finally, I SELL the goat for $90, which bumps my total up to $110 (90 + 20 = 110) correct?

So I started with $90 and at the end of the transactions, I have $110.

I made $20

You made two mistake in your flawed math or logic or whatever you want to call it. #1 you making the assumption that the dude had $90 to start with. The question doesn't state that nor is it right to add specifics that wasn't in the question.
Secondly no where in your math did you quantify the cost (or $10 loss for buying the GOAT the second time).

Read a few quarterly reports from major corporations. There is a huge difference between revenue and profit.

And you laughing a little too hard for being wrong breh lol

 

[xCivicx]

He made 10 imo

But I'm guessing the answer is somewhat subjective

 

[null]

Flying in here to fukk shizzit up.

Is this true or false...

 

[Mr Hate Coffee]

I took up to calculus 3 and graduated with an engineering degree...








...I’ll be honest and just say that I don’t know the answer to this. :manny;

The fact that he had to come up with $10 to buy the goat the second time is throwing me off.