Riddle

[SeaMasterZ@aol.com]

A man buys a horse for 60 bucks<br /><br />then sells it for 70<br /><br />He realizes he misses the horse and buys it back for 80<br /><br />it bites him, so he sells it for 90<br /><br />how did he do financially on the deal, explain your answer<br /><br />

 

[Somethings_Fishy]

Re: Riddle

He makes $10 when he sells it for $70.<br />Then he loses $10 when he buys it back for $80.<br />He then sells it for $90, but is in the hole $10 from the buy back for $80, so he ends up with $80.<br />This is $20 more than the $60 he bought it for, leaving him with a profit of $20.<br /><br />How'd I do?

 

[SCO]

Re: Riddle

HE made 10 on the first buy sell and 10 on the second buy sell. Hemade 20, but the doctor visit probably cost him....right!

 

[oddjob]

Re: Riddle

Uuuh, he made thirty dollars on the deal.............................wright? <br /><br />The horse = -60<br /><br />sellfor70 = +10<br />buyback80 = -10 (These two transations cancil one another)<br /><br />The horse = -60<br />btsell 90 = +90<br />--------------------<br /> = +30 profit

 

[NOSLEEP]

Re: Riddle

He bought for $140.00 and sold for $160.00<br /> so he's up $20.00 less taxes and handling fee's.

 

[SeaMasterZ@aol.com]

Re: Riddle

the answer is 20, but I keep coming up with ten!!!<br /><br />he had sixty, makes ten selling it for seventy, but LOSES THE TEN when he buys for 80, so hes got nothing gained!!!!<br /><br />then he gets the ten back when he sells for 90<br /><br />arrrgh!!

 

[shadowdwpp]

Re: Riddle

Assume he started with 70 dollars in his pocket.<br />buys horse for 60 has 10 left in his pocket<br />Sells horse for 70 has 80 left in his pocket<br />Buys horse for 80 has 0 left in his pocket<br />Sells horse for 90 had 90 left in his pocket <br />90 is 20 more than 70. So he made 20 out all the transactions.<br /><br />hopefully that will clear it up for those who are confused.

 

[wikelam]

Re: Riddle

buy horse is a debit of (60) <br />sell horse is a credit of 70<br />buy horse is a debit of (80) <br />sell horse is a credit of 90<br />------------------------------------------<br />total debits (140) <br />total credits 160<br />------------------------------------------<br />difference (140)+ 160 = 20

 

[SeaMasterZ@aol.com]

Re: Riddle

ok ... the debit credit works out<br /><br />but I sure bit on the add ten take ten deal, I think I got snookered by some sorta psycho-gremlin, lol<br /><br />maybe I am part jethro bodine, carry the naught, times the naught, leaves naught ...<br /><br />

 

[wikelam]

Re: Riddle

guess those finance classes I am taking in college are starting to pay off.

 

[SeaMasterZ@aol.com]

Re: Riddle

maybe cents would work better ... <br /><br />six pennies to buy the horse, sell it for seven pennies, get my pennies back and an extra penny<br /><br />but then I want to buy it back for eight pennies, so thats two pennies more than I bought it for, so a penny gets subtracted ...<br /><br />lose six pennies, get seven, lose eight ... leaves me a penny behind<br /><br />but then I sell it for NINE pennies, and get the penny back, ONE penny<br /><br />ARRRRGHHHHHHHHHH!!!<br /><br />how come it works selling it for 16 pennies and buying for 14 pennies, but it wont work following it logically as it unfolds????<br /><br />anyones 2 cents is appreciated here!!!!<br /><br />

 

[Specks n Reds]

Re: Riddle

 

[grandx]

Re: Riddle

try this...<br /> <br />-60 + 70 -80 + 90 = +20

 

[roscoe]

Re: Riddle

No usps or ups, it mush ship FedEx.<br />Since the buyer pays all shipping, the transactions cost him $4000. So he lost $3980.

 

[SeaMasterZ@aol.com]

Re: Riddle

my momma always said playin horseshoes is bad biddness ....<br /><br />acourse, she allus usta say a boat werent nothin but a hole in the water ya throw money into<br /><br />shes pretty sharp sometimes, lol

 

[Link]

Re: Riddle

Grrrrrrrrrrr<br /><br />The only way I can get those is by treating it<br />like a bank account!!! <br /><br />Good one

 

[CalicoKid]

Re: Riddle

Look at it as two different horses.<br />He bought one@ $60 sold@ $70 =$10 profit.<br />Bought another@ $80 sold@ $90 =$10 profit.<br />20 bucks total. He never lost any money to depreciation.

 

[pjc]

Re: Riddle

hows about the feed cost and vet bills??<br />

 

[SeaMasterZ@aol.com]

Re: Riddle

maybe that was the problem, I was thinking of it as one horse, and kept it all as one continuous money chain<br /><br />or not, lol, I just suck at math, if I owned an abacus, I Would have to buy a chink to go with it, lol<br /><br />

 

[roscoe]

Re: Riddle

Ray, what did you say you were going to school for?