A man decides to buy a nice goat. He pays $60 for it, and he is very content with this strong animal. After a year, the value of the goat has increased to $70 and he decides to sell the goat. But already a few days later he regrets his decision to sell the beautiful goat, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After another year of owning the goat, he finally decides to sell the goat for $90. What is the overall profit the man makes?
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Nice Goat For Sale January 26th, 2015 | Category: Animals, Brain Riddle, For Kids, Mathematical, Money, Real Life |  Email This Riddle8 guesses to Nice Goat For Sale |
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He makes a $10 from the goat but then he sells the horse, so its either a $90 profit on the horse or a $90 minus what he spent on the horse otherwise altogether it is an overall $20 profit.
It never says how much he bought the horse for…the farmer could’ve lost money.
$80
Hashi you are today’s winner!
The man makes an overall profit of $10 + $10 = $20. In the first trade, the man buys the goat for $60 and sells it again for $70, so he makes a profit of $10. In the second trade, the man buys the goat for $80 and sells it again for $90, so he again makes a profit of $10.
Sorry Gabriel for my inconsistency and the confusion it caused. It was all goat trading.
NOTHING!!! Cause he lost $10 than earned $10. With this pattern, he probably could’ve sold it later and profited $10 for it though…
he bought for 60 and sold at 70 = 70-60=10
then he bought at 80 and sold at 90 = 90-80 = 10
So he made overall profit of 20.
If he had not sold and re-bought he would have made a profit of 30.
20