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?

general knowledge math & puzzles

  1. 10

  2. 20

  3. 30

  4. None of these

Show answer
Correct Option: B

AI Explanation

To answer this question, let's go through each step of the man's transactions and calculate his overall profit:

Step 1: The man buys the horse for $60. Step 2: The value of the horse increases to $70, and the man sells it. He makes a profit of $70 - $60 = $10. Step 3: The man buys the horse back for $80, which means he loses $80 - $70 = $10. Step 4: The man decides to sell the horse for $90. Since he originally bought it for $60, his profit from this transaction is $90 - $60 = $30.

Overall, the man's profit is $10 + (-$10) + $30 = $30.

Therefore, the correct answer is C) 30.

Find more quizzes: