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A man buys a horse for $50. He then sells it for $60. The next day, he buys the horse back for $70. Only to sell it again for $80. So, did the man end up making or losing money? Or did he break even?
A
B
C
ANSWER:
Let’s talk about the solution.
The man buys a horse for $50 so he is in a deficit of 50 dollars in the beginning.
Now he sells the horse for $60. -50$ + $60 = A profit of $10.
The next day he buys the horse again for $70. This means his profit of 10 dollars will be reduced by 70 dollars. So he has a debt of 60 dollars.
In the end, he sells the horse for $80. -60$ + 80$ = ?
Did you get it? Awesome! Continue to check your solution below.
The solution is: The man man profited $20.
He made a profit of 10 dollars every time he sold the horse.
Did you get it? Well done!
A Trip Back To High School: Can You Solve This Math Problem?
A Trip Back To High School: Can You Solve This Math Problem?
