A man buys a goat for $70.
He then sells the goat for $80.
Then, he buys it back again for $90 but sells it for $100.
How much money did the man make?
A man buys a goat for $70.
He then sells the goat for $80.
Then, he buys it back again for $90 but sells it for $100.
How much money did the man make?
Consider the history of exchanges as if it were described in two separate deals where:
In the first deal, the man buys the goat for $ 70 and sells it again for $ 80, so he gets a profit of $ 10.
In the second deal, the man buys something for $ 90 and sells it again for $ 100 so he gets a profit of $ 10 again.
Conclusion: the name gets a total benefit of $ 10 + $ 10 = $ 20.
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Well...that's one way to look at it. Lol.
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yes, of course I think that's the answer
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The way I look at it, they guy lost $10.
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