Sly Cookin
based
You are an idiot. Not only are you wrong, u come in here condescending
A man buys a goat for $60, sells it for $70....
- Thread starter RoidJonesJr
- Start date
Broke Even
Ineedmoney504
SOHH ICEY...WE EATIN
Cause even tho he made a $10 profit off the 60 to 70 flip, he will only has $70 dollars bro. And he buys It back for $80. So where is the other 10 coming from
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You are an idiot. Not only are you wrong, u come in here condescending
LOL how am I wrong? Ya'll coli experts are adding assumptions and conditions to the question. You can't do that. Ya'll are saying "what if" he had $100 or "what if" he had $70. Thats not the question. You can't just add conditions to the question.
(SARCASM) Why don't add and assume the guy borrowed the first $60 at a 10% interest. Wouldn't that also change the answer? LOL cmon ya'll.
Taking only the question at face value. The guy clearly ONLY MADE $10.
He bought the first Goat for $60. And sold it for $70. He at this point has a $10 profit.
But then he buys the SAME goat for $80. The $10 profit he made on the earlier transactionis canceled out when he now bought the second goat. So at this point he has broken even.
When he sells that goat for $90. He has made a grand total of $10 ladies and gentlemen.
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FrederickDouglas
All Star
This thread is jokes.
I'm going with $20. We should add a poll.
Mo goat mo problems
null
...
made $$$$'s fam 
NoChillJones
Banned
-60 + 70+ -80+90=20
Men lie, women lie..........
.............
Men lie, women lie..........
.............no...
there isn't enough information to assume "this and only this"
We don't know how much money the man had to start with
We only know the information from 4 transactions...
The first transaction he bought a goat and that goat cost $60
The second transaction he sold a goat, and that goat sold for $70
The sum of the first pair of transactions is $10
The third transaction a man bought a goat for $70
He then sold that goat for $80
The sum of that transaction is $10
The sum of both transactions, $10 + $10 = $20
There isn't another answer. The assumption you quoted about "loaning money and paying back" is made up information to justify an incorrect point.
If I buy a car one day and sell it for $10 more than I purchased it on the next day I made $10. If I go and buy another car and sell it for $10 more than I purchased it the next day, I made another $10. The transactions are independent of each other.
Now,
If the question says "a man uses his last $60 to buy a goat and sell it for $70 and then borrows $10 to buy a goat that costs $80 in order to sell that goat for $90, how much does the man have after he pays back his debtor" then you and this other person would be right.
But as the question is written, four total transactions that leave the seller +$20 is pretty easily decipherable
levitate
I love you, you know.
It's 20.
Let's spell it out.
Say the breh has $100 in his checking account in which he is using to finance this operation.
Step 0: Starting Account balance is $100
Step 1: Buy goat for $60, Account balance now $40
Step 2: Sell goat for $70, Account balance now $110
Step 3: Buy goat for $80, Account balance now $30
Step 4: Sell goat for $90, Account balance now $120
Step 5: Ending Account Balance now $120
Step 6: Profit = Ending Account Balance - Starting Account Balance = $120 - $100 = $20
Let's spell it out.
Say the breh has $100 in his checking account in which he is using to finance this operation.
Step 0: Starting Account balance is $100
Step 1: Buy goat for $60, Account balance now $40
Step 2: Sell goat for $70, Account balance now $110
Step 3: Buy goat for $80, Account balance now $30
Step 4: Sell goat for $90, Account balance now $120
Step 5: Ending Account Balance now $120
Step 6: Profit = Ending Account Balance - Starting Account Balance = $120 - $100 = $20
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Y'all can't be serious.