Jessica M.

asked • 09/21/17

Man buys a horse for $60 then sells it for $70 then buys it again for $80 then sells it again for $90 did he make money or break even

Man buys a horse for $60 then sells it for $70 then buys it again for $80 then sells it again for $90 did he make money or break even

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Andrew M. answered • 09/21/17

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Look at debits and credits from his wallet:
buy horse:   -60
sell horse:   +70
buy horse:   -80
sell horse:   +90
                ---------
                +20
 
He profited $20
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Andrew M.

You can also simply say that both sales were
for $10 more than the purchase so he made
$10 twice = $20 profit.
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09/21/17

Cameron L.

But when he bought the horse back he had to spend additional $10 out of pocket which subtracts from total profit meaning he only profited $10
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02/15/18

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