RoidJonesJr
Superstar
This problem has people 
. Can you solve it?
. Can you solve it?
A man buys a goat for $60, sells it for $70....
- Thread starter RoidJonesJr
- Start date
he_is_I
Pro
Broke even
Donald Trumps Twitter
Divine Infinite Commander King
Off the top he made $20
No way he made $150 or $80 because he started with $60
No way he made $150 or $80 because he started with $60
Donald Trumps Twitter
Divine Infinite Commander King
Assuming he previously had the $60 in cash and the other $80 in cash as well
Not enough information
He spent $140
He made back $160
$20 difference
Not enough information
He spent $140
He made back $160
$20 difference
Stock sold for $70
Stock bought for $60
Profit is $10
Stock sold for $90
Stock bought for $80
Profit is $10
Total $20 profit
There is no borrowing involved
Stock bought for $60
Profit is $10
Stock sold for $90
Stock bought for $80
Profit is $10
Total $20 profit
There is no borrowing involved
Last edited:
Absalom's Thought
Banned
He's $20 better off then when he began
He made $20. Just pretend he had $70 to start and it makes it easy to keep track.
You tried though.
FeloniousMonk
Dont mind me..Im a azzhole
Gross-20
Net-10
Net-10
Doobie Doo
Veteran
Now was 20 bucks worth the labor & investment tho
10. nikkas is overlooking the fact that he sold it for 70 but had to put a 10 with it to buy for 80
eastsideTT
Superstar
AB 
Brolic Scholar
Licensed Text Technician
If he started with 60 and sells for 70. He gained $10.
Once he buys it for $80 (assuming $60 was his startup money and he added the $10 profit to total $70) he’s taking a $10 loss.
Selling it for $90 puts him back where he started. Nothing gained.
Once he buys it for $80 (assuming $60 was his startup money and he added the $10 profit to total $70) he’s taking a $10 loss.
Selling it for $90 puts him back where he started. Nothing gained.