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Maths Puzzle
A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the horse. But already a few days later he regrets his decision to sell the beautiful horse, 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 horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?
Read Solution (Total 2)
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- 70-60=10 profit
90-80=10 profit
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Total=20 profit - 13 years agoHelpfull: Yes(7) No(3)
- total profit = 30$
he purchased it for 60$ at first but sold it for 70$ means 10$ profit
but, he again purchased it for 80$ suffering loss of 10$ this time
Till now he suffered no loss and also got no profit overall
Finally he sold the horse for 90$ and overall profit he achieved is 30$ - 9 years agoHelpfull: Yes(6) No(1)
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