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Many people are unable to figure out the correct answer. Can you?

Posted on February 27, 2020 By admin No Comments on Many people are unable to figure out the correct answer. Can you?
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A man buys a horse for $60. He sells it for $70. He then buys the horse back for $80. And he sells the horse for $90.

In the end, how much money did the man make or lose? Or did he break even?

 

Answer To Buying And Selling A Horse Riddle

The short answer is the man profited $20. The man makes $10 each of the two times he sells the horse, for a profit of $20.

The answer can be verified by accounting for what the man has in each transaction.

Step 1: buys a horse for $60. The man is -$60 of cash from his starting point.

Step 2: sells the horse for $70. The man gets $70, so he is a net -$60 + $70 = $10 of cash.

Step 3: buys the horse for $80. The man spends $80, which means he is a net of $10 – $80 = -$70 cash.

Step 4: sells the horse for $90. The man gets $90, which means he is a net of -$70 + $90 = $20 cash.

In the end the man has $20 more than he started with.

The post Many people are unable to figure out the correct answer. Can you? appeared first on Wake Up Your Mind.

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