Paid $50.00 for a horse, sold it for $60.00. Bought it back for $70.00 then re-sold it for $80.00. How much was made on transactions?

Question

Lost $20

lost $10

earned $20

earned $20

earned $30

came out even

Answer 1

Hello Cathy!

 

Interesting question! Here's a breakdown of how to solve this question and questions similar to this in the future.

 

You bought the horse for $50 (-50)

Then you sold it for $60, which means you made $10.

You missed your horse so you bought it back for $70. (-70)

Here you can minus the $10 from the $70 and you get $60.

Then the horse wasn't so much fun anymore and you sold it for $80.

So you spent $60 to get your horse back then sold it for $80.

Therefore, 80-60=20. You made $20 from selling your horse.

 

 

Hope this helps. Feel free to contact me if you'd like more help!

Answer 2

-50 + 60 - 70 + 80

 

Now simplify