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

[EatingGoodNow]

I looked at it as if he created a debt of 10$ after his second purchase. His final sale was $90. Paying back his $10 debt leaves him with $80 dollars. $20 more than the $60 he began with. Even if you assume he has more money to put towards the $80 goat, he still makes $20 bucks.

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.

 

[Mr Hate Coffee]

I looked at it as if he created a debt of 10$ after his second purchase. His final sale was $90. Paying back his $10 debt leaves him with $80 dollars. $20 more than the $60 he began with. Even if you assume he has more money to put towards the $80 goat, he still makes $20 bucks.

Yeah after reading a few breakdowns I realized it was $20.

I just wasn’t gonna front like I knew it off rip.

 

[MarcMan]

He made 10 imo

But I'm guessing the answer is somewhat subjective

Not to single you out but to anyone talking like this.....no.

Whether Black Panther was a good movie is subjective.

Whether 2 + 2 = 4 is not open to interpretation.

He made $20

 

[Mensch Fontana]

brehs dumb, he couldve chopped that goat up and sold that meat for more than 70 off rip

 

[Won Won]

Is this thread real life

 

[R.E.N. Spells Ren]

Is this thread real life

I wish coli math threads were tagged.... They're all just as entertaining

 

[R.E.N. Spells Ren]

Not to single you out but to anyone talking like this.....no.

Whether Black Panther was a good movie is subjective.

Whether 2 + 2 = 4 is not open to interpretation.

He made $20

Imagine a company's CEO telling its board/investors "maybe we made $20 million this quarter, maybe we broke even...it's all subjective "

 

[xCivicx]

Not to single you out but to anyone talking like this.....no.

Whether Black Panther was a good movie is subjective.

Whether 2 + 2 = 4 is not open to interpretation.

He made $20

Nah the first 10 dollars was negated when he had to pay an extra 10 to buy the item back

All of you making the assumption that he didn't spend the first 10 in buying the item back a 2nd time are doing exactly that, assuming and attempting to extrapolate based on information that you were never given. No one knows how much money he had to start with. He could have only had $70 total. That was never explcitly stated

He made a net $10

 

[xCivicx]

Imagine a company's CEO telling its board/investors "maybe we made $20 million this quarter, maybe we broke even...it's all subjective "

Imagine you making it to the level of CEO and still confusing revenue with net profit smh

a lot of y'll are exposing yourselves in here

 

[BucciMane]

Nah the first 10 dollars was negated when he had to pay an extra 10 to buy the item back

All of you making the assumption that he didn't spend the first 10 in buying the item back a 2nd time are doing exactly that, assuming and attempting to extrapolate based on information that you were never given. No one knows how much money he had to start with. He could have only had $70 total. That was never explcitly stated

He made a net $10

Imagine you making it to the level of CEO and still confusing revenue with net profit smh

a lot of y'll are exposing yourselves in here

No, you're just confused in general here. I'm not speaking for everyone that chose $20 (the correct answer).


1. He bought a goat for $60, sold it for $70. He made a profit of $10.

2. He then bought a goat in a second transaction for $80. He sold it for $90. The profit on that sale was $10.


You're getting confused with thinking you need to minus $10 from that second transaction. It's a completely separate transaction. He just bought it at a higher cost, but the profit on that second sales is the exact same as the first sale.

 

[BucciMane]

I can't imagine how many of you non $20 answer brehs are going to get wrecked by the IRS..

 

[xCivicx]

No, you're just confused in general here. I'm not speaking for everyone that chose $20 (the correct answer).


1. He bought a goat for $60, sold it for $70. He made a profit of $10.

2. He then bought a goat in a second transaction for $80. He sold it for $90. The profit on that sale was $10.


You're getting confused with thinking you need to minus $10 from that second transaction. It's a completely separate transaction. He just bought it at a higher cost, but the profit on that second sales is the exact same as the first sale.

Nah you just proves my point thanks

You'e making the assumption that he didn' have to spend the first 10 to buy the goat a 2nd time. That's where you'e confusing yourself as the amount of money he had before the first transaction was never stated

Once again, you'e making assumptions based on nothing but your own imagination

Any business minded person would take the more logical approach and assume that he reinvested his initial profit back into his 2nd purchase, because that's the way most profitable businessmen conduct business

So once again, why are you presuming to know how much money the guy had to start with? Where are you getting this info? Because it's not from the OP

It' no wonder so many black ppl are bad with money smh

 

[R.E.N. Spells Ren]

Imagine you making it to the level of CEO and still confusing revenue with net profit smh

a lot of y'll are exposing yourselves in here

Exactly where do you think I'm confusing revenue and profit?

Here's a hint: the difference between revenue and profit in this example is far greater than $20

 

[xCivicx]

I can't imagine how many of you non $20 answer brehs are going to get wrecked by the IRS..

Smh at the ignorant arrogance

I'l ask again, where did you find out how much money the guy had to start with? I'm genuinely curious

 

[xCivicx]

Exactly where do you think I'm confusing revenue and profit?

Here's a hint: the difference between revenue and profit in this example is far greater than $20

A company can simultaneously make 20 million and break even, so that' where you are exposing yourself

But cool, I'll ask you too. Please explain where it was stated how much dude had to start with? I'm curious as how why you guys are so confident making an assumption about his starting worth when it was never stated anywhere