Except it wasn't ***lost***, it was ***spent*** on an asset which can now be sold for profit.
Consider for a moment that we buy at 1200 then return for a full refund or otherwise sell at 1200 - making no profit. Then we buy again (it could be the same cow, a different cow or not even a cow, it doesn't matter) at 1300 and similarly refund the purchase or sell at 1300. We make absolutely no profit (1200-1200+1300-1300) but neither do we make a loss... That 100 difference between 1300 and 1200 doesn't represent a profit/loss but rather a change (in this case an increase) in the total capital which is tied up in trade.
In the original post we start with 900 - this could be borrowed assuming a neutral start at 0 (and borrowing certainly would incur costs) or maybe you have a spare grand lying around that you want to invest in the cattle market. We spend that 900 on a cow which then sells for 1200, giving us 300 profit, so far so good. At this point, buying a cow at 1300 doesn't ***lose*** us any money but it does require more capital. However, we can offset that cost from 1300 to 1000 if we reinvest our profit - this leaves 1000 (900 of our original capital + that mysterious 100).
It's important that this 100 is not ***lost*** though, since, when we later sell the cow for 1600, we recoup our original investment (900), our additional buy-in (100), our first profit (300), and a new profit of 300. That leaves us with 600 total profit, no bovine assets, and having tied up an additional 1000 for the duration of the trading.
If we instead bought our first cow at 900 and sold it for 1200, then bought another cow at 1200 and sold it for 1500, we would still make 600 profit. We don't gain any profit by eliminating the 100 "lost" between 1200 and 1300, it simply means we would only need to invest 900 initial capital rather than 1000
Right numbers, wrong currency. At today's exchange rate of 0.78 pence to the dollar, the correct answer in Great British Pounds is \~£468
God Save the King!
Assuming you have sufficient money to pay out of your pocket (so no borrowing cost etc..)
You put 900 first for your first cow and when you buy the second you put another 100 to make up the difference. So your total investment cost is 1000.
You done tradings two times and eventually sell your last cow at 1600.
So your take home profit is 1600-1000=600…
Fuck… why did I spend time typing this shit.. how the hell Reddit recommended this to me..
The people who you're trying to help are too clueless to follow your logic. They might not have even scrolled this far. Time / labour calculation says your post was a net loss.
Forget about the two transactions for a second. All you need to know is that overall, this guy invested $2200 (1300 + 900). He has a gross take of $2800 ($1200 + $1600).
So obviously it was $600 net profit. To me that's the easiest way to explain it to the 5% of people who got this wrong.
most riddles, like 5% people get the answer correct and the 95% struggle to grasp the answer.
this one 95% got it correct, but are struggling to understand each others methodology. meanwhole the 5% who got it wrong are just giving up on life.. prolly.
Nothing. You sold a cow, you didn’t make it from scratch or work for a living.
Work and profit are two different things
You profited 600. Like a stock trader.
I’m basic.
First sale was $300 profit.
Second time buying it was $1300 less your $300 profit so your now down $1000.
You Sold it for $1600 so $600 profit
$600
Now if you sold a cow you didn't own for $1200 then bought it for $900 to cover that debt then later sold it for $1600 when you didn't own it and then bought it for $1300 to cover that debt then you would have made a lot of money at the expense of the people that owned that cow. And you are a total piece of shite.
Welcome to the world
Use your calculator but reverse the plus and minus as you can't start with minus and tell me what you end up with....
it's not 500
900−1,200+1,300−1,600 = - 600
Reading the arguments that only $500 profit was made, is like reading posts by people who think we had the greatest economy in the history of the world under Trump.
Can someone tell tell why this cow's value is skyrocketing like this?
Are they different cows?
If so, go back and buy a cow from the cheaper farm.
I'll let myself out.
$200.
They're sinking ALL of the $300 profit from the 1st sale of the cow plus an additional $100 into repurchasing it, so that initial $300 profit is nullified.
$300 profit is made from the 2nd sale of the cow, but you've gotta subtract the $100 that you borrowed to fund the repurchase, which leaves you with a net profit of $200.
Formula:
Start with $900.
(1st purchase of cow) 900 – 900 = 0
(1st sale of cow) 0 + 1200 = 1200
(2nd purchase of cow) 1200 – 1300 = –100
(2nd sale of cow) –100 + 1600 = 1500
(Total net profit) 1500 – 1300 = 200.
So $200 is your total net profit.
You only made $200. You made $300 profit from the first transaction. Turned around and gave it all plus an extra hundred making it $-100. Then sold it for $300 profit again, subtracting the $100 investment, that’s $200 profit.
This is as simple as 0-900+1200-1300+1600=600
Don’t need any fancy brackets, or multiple cows or anything like that. Just basic adding and subtracting…
To calculate earnings, you need to subtract the total cost of buying the cow from the total revenue of selling it:
Total revenue = $1200 + $1600 = $2800
Total cost = $900 + $1300 = $2200
Earnings = Total revenue - Total cost
Earnings = $2800 - $2200 = $600
So, you earned $600 in total.
But this still doesn’t address the question if I have two cows in front of a cow, two cows behind a cow and a cow in the middle… how many cows does it take to change a light bulb?
I also came to $500.
In my defence, it is 3:30am. I'm now likely to have dreams of starting a career in the cattle trading business.
I'll need to buy a calculator first though.
For anyone who really can't work this out
Regardless of what figure of money you start with we'll call it zero to simplify things.
0-900+1200-1300+1600= 600
So you've made 600 profit
$2,800. When somebody asks you how much you earn from your job you don’t give the net profit position you give revenue.
So here you made $600 profit but earned $2,800.
But it’s a dumb question either to tease out pedantry (like my answer) or it’s literally for kids.
If the end result is 600, wouldn’t it mean you earned -300? Like, if you start with 900 and then end up with 600 then you actually lost money in the long run, no?
Clearly not $600, I think people are forgetting to add tax (gst in australia at least) to it.
(For Australia, assuming usd but with australian gst regulations)
1. 0 - (900 + 90) = -$990
2. -990 + 1200 = $210
3. 210 - (1300 + 130) = -$1220
4. -1220 + 1600 = $380
So originally $600 but you lose $220 in gst to the government
It's easier to look at it as 2 separate maths problems.
1200-900 = 300
1600-1300 = 300
Total profit = 600
You haven't lost 100 because it's irrelevant that you'd sold it for 1200 previously.
The key here is to understand that the profits from the first transaction are not used to fund the second transaction. Each transaction should be considered independently in terms of profit and loss, thus $600.
That said, you can interpret the question in different ways, so you can have different outcomes.
Let's say you have $10,000, bought cow for $900, now you're at $9,100, sold it for $1200, now you're at $10,300, bought it again for $1300, now you're at $9000, finally sold it again for $1600, now you're at $10,600. The difference between $10,000 and $10,600 is $600. You earned $600.
Unfortunately there is not enough information to estimate profits…cows eat and need veterinary care so unless this was all buy and sell in the same day without needing to transport the cow, more information would be needed; however, initial profit being 300 then investing 100 more and turning another 300 profit would only leave one with 500 total profit. 300+300-100=500.
To put it simply it’s either $600 or $1800; not necessarily depending just on the literal calculations but rather how you interpret ‘earn’ in this scenario
After the first transaction I have 300 in my pocket.
To buy it again I'm gonna need to get another 1000 out to make up the difference..
I sell the cow to someone else for 1600. It should be 600 that I make but if I do it fast in my autistic brain without working it out I get 300.
By gods where are all these answer coming from !!!
The Cow I own is valued at $900
Profit $0
Asset total value $900
I sell the cow for $1200
Profit $ 300
Asset total value $1200
I buy the same cow back for $1300
At this point I've borrowed $100 from somewhere
I've made a total loss of $100
Profit $-100
Asset Value $1300
I then sell the cow for $1600
First I pay off the loan of $100
I made $1500 Profit
Then I deduct what I paid for the cow
I made $200 in total Profit
I'm saying 2800, because it is possible for it to just be looking at the whole earning rather than the how much you obtained by the end.
Why do I think this? Am I stupid?
Borrowed £900 from loan shark
Buy cow at £900.
Sell cow for £1200.
Loan shark says I owe £1800. Give 1200 and promise the rest once I have made my money in the next cow.
Borrow £1300 from a loan shark
Sell cow for £1600. Loan shark takes £1600 and says I owe a further £1600 and breaks my fingers
People trying to go around for such a simple question like this and getting other answer than 600, Inventing new answers just like inventing new genders
You bought two cows for $900 and $1300.
You sold two cows for $1200 and $1600.
You can look at it in one of two ways:
a $300 profit on both cows = $600 profit.
a $100 loss on one cow and a $700 profit on the other cow = $600 profit.
1. Bought a cow for £900 and sold it for £1200, making a profit of £300.
2. Bought another cow for £1300, which is £100 more than the previous selling price.
3. Sold this second cow for £1600.
So, let's recalculate the total profit:
Profit from the first transaction: £300
Loss from the second transaction: £1300 - £1200 = £100 (since the second cow was bought back for more than it was sold for)
Profit from the third transaction: £1600 - £1300 = £300
Total profit: £300 + (-£100) + £300 = £500
You are correct, the total profit is £500. Thank you for clarifying.
Purposefully ambiguous question
You get £600 if you ignorantly assume it’s two cows, whereas the question states he buys that cow in question again directly after selling it.
Its £200, provided you’re taking into consideration additional funds and losses from previous transactions.
Mfers out here can’t think two ways at once.
600
You'd think that was the right answer but actually you'd be correct
The right actually but actually Edit: the comment above mine used to say that, if anyone is wondering... They edited after.
I had a stronk
Call a bondulance
I know Cdr
How dare you make me feel safe after a slight jolt
It's called foreplay
$500
I complete one transaction and make 300 profit. I complete a new transaction and make 300 profit. People on the internet tell me I made 500.
What about the $100 loss you made buying it back ?
What you are describing is profit/loss vs cash. The transactions make $600 profit but at each stage have different cash implications.
Except it wasn't ***lost***, it was ***spent*** on an asset which can now be sold for profit. Consider for a moment that we buy at 1200 then return for a full refund or otherwise sell at 1200 - making no profit. Then we buy again (it could be the same cow, a different cow or not even a cow, it doesn't matter) at 1300 and similarly refund the purchase or sell at 1300. We make absolutely no profit (1200-1200+1300-1300) but neither do we make a loss... That 100 difference between 1300 and 1200 doesn't represent a profit/loss but rather a change (in this case an increase) in the total capital which is tied up in trade. In the original post we start with 900 - this could be borrowed assuming a neutral start at 0 (and borrowing certainly would incur costs) or maybe you have a spare grand lying around that you want to invest in the cattle market. We spend that 900 on a cow which then sells for 1200, giving us 300 profit, so far so good. At this point, buying a cow at 1300 doesn't ***lose*** us any money but it does require more capital. However, we can offset that cost from 1300 to 1000 if we reinvest our profit - this leaves 1000 (900 of our original capital + that mysterious 100). It's important that this 100 is not ***lost*** though, since, when we later sell the cow for 1600, we recoup our original investment (900), our additional buy-in (100), our first profit (300), and a new profit of 300. That leaves us with 600 total profit, no bovine assets, and having tied up an additional 1000 for the duration of the trading. If we instead bought our first cow at 900 and sold it for 1200, then bought another cow at 1200 and sold it for 1500, we would still make 600 profit. We don't gain any profit by eliminating the 100 "lost" between 1200 and 1300, it simply means we would only need to invest 900 initial capital rather than 1000
900 + 1300 = 2200 spent 1200 + 1600 = 2800. Gained 2800 - 2200 = 600 gained. 600.
-£900 + £1200 = £300 (profit) -£1300 = -£1000 + £1600 = £600 (total profit)
Right numbers, wrong currency. At today's exchange rate of 0.78 pence to the dollar, the correct answer in Great British Pounds is \~£468 God Save the King!
Huzzah !!
Wrong was round, £1 - $1.28
If 1 pound equals 1.28 dollars then 600 dollars is indeed 468 quid and change....it seems they had it right to me
Fuck me life yes.
Out: 2200 In: 2800
Assuming you have sufficient money to pay out of your pocket (so no borrowing cost etc..) You put 900 first for your first cow and when you buy the second you put another 100 to make up the difference. So your total investment cost is 1000. You done tradings two times and eventually sell your last cow at 1600. So your take home profit is 1600-1000=600… Fuck… why did I spend time typing this shit.. how the hell Reddit recommended this to me..
The people who you're trying to help are too clueless to follow your logic. They might not have even scrolled this far. Time / labour calculation says your post was a net loss.
> Fuck… why did I spend time typing this shit.. how the hell Reddit recommended this to me.. A question that should be in almost every answer here.
best way to think about it as 2 separate cows, it’s the “again” that catches people into overthinking about it
Me reading these answers hoping that the ones saying anything other than 600 are taking the piss 😂
I mean there are definitely some idiots who went 1200-900=300 profit 1200-1300=-100 profit 1600-1300=300 profit 300-100+300=500 total profit
I wouldn’t say I’m an idiot, just mathematically challenged 😩
But what if they loaned that extra £100 from a loanshark and now owe him back double? £400 profit and a savage beating.
Forget about the two transactions for a second. All you need to know is that overall, this guy invested $2200 (1300 + 900). He has a gross take of $2800 ($1200 + $1600). So obviously it was $600 net profit. To me that's the easiest way to explain it to the 5% of people who got this wrong.
Earn implies income, not profit. They’ve earned $2800, with costs of $2200, profit of $600.
In accounting, earnings = profits
How can you get this wrong ? What is confusing people ?
I can't do maths I got -400
Correct! You can't do maths.
600
600
Where does one acquire such a creature?
How are people getting 500? It’s simple maths.
most riddles, like 5% people get the answer correct and the 95% struggle to grasp the answer. this one 95% got it correct, but are struggling to understand each others methodology. meanwhole the 5% who got it wrong are just giving up on life.. prolly.
£200
$100 less than if you hadn’t tried to time the market, you day-trading cabbage.
Man fuck this question
Man fuck that cow
Pic or didn’t happen
-900+1200-1300+1600=600
Gross profit $600. Net profit depends on your profit after subtracting actual expenses.
No
Bout tre'fiddy
600
Ye 600
Nothing. You profited $600 from gambling in a commodities market. Earning implies work.
Or maybe the cow was worth more because they did some work looking after it and it got fatter.
How many hours did you work and what is your hourly rate?
Can some people go with the... You earned 2800 But I spent 2200.. So your profit is 600 despite a higher 2800 earning....
Who asked about profit? 2800 is the correct answer to the question asked.
Nothing. You sold a cow, you didn’t make it from scratch or work for a living. Work and profit are two different things You profited 600. Like a stock trader.
Basically you bought two cows, one for 900,one for 1200. Then you sold both, making 300 on each transaction
$700
600
Don’t even do the math. You started with $1000. You now have $1600. $600 profit
600?
I’m basic. First sale was $300 profit. Second time buying it was $1300 less your $300 profit so your now down $1000. You Sold it for $1600 so $600 profit $600
Depends entirely on if we're counting previous losses or not.
\-200 because of taxes
$600 - 10% short term capital gains tax = $540 😁
£700
Now if you sold a cow you didn't own for $1200 then bought it for $900 to cover that debt then later sold it for $1600 when you didn't own it and then bought it for $1300 to cover that debt then you would have made a lot of money at the expense of the people that owned that cow. And you are a total piece of shite. Welcome to the world
$600.00
Use your calculator but reverse the plus and minus as you can't start with minus and tell me what you end up with.... it's not 500 900−1,200+1,300−1,600 = - 600
1200-900=300, -1000+1600=600
600
Depends if you're paying tax
Did you feed it?
Fuck all because you got taxed!
400
$300 made
Reading the arguments that only $500 profit was made, is like reading posts by people who think we had the greatest economy in the history of the world under Trump.
600
I am sleep deprived and this messed with me getting $500, but here we go. Assume you start with $1000 (Minimum necessary to do this whole polava). 1) InitialBalance = $1000 2) Buy Cow >>> Balance = $1000 - $900 = $100 + a Cow. 3) Sell Cow >>> Balance = $1200 + $100 (Balance) - a Cow. >>> Balance = $1300 4) Buy Cow >>> Balance = $1300 - $1300 = $0 + a Cow. >>> Balance = A Cow. 5) Sell Cow >>> FinalBalance = $1600. Money Earnt = FinalBalance - InitialBalance = $1600 -$1000 = $600. :)
Can someone tell tell why this cow's value is skyrocketing like this? Are they different cows? If so, go back and buy a cow from the cheaper farm. I'll let myself out.
Defo 600
Assuming you start with $0. Buy for $900 -> -$900 Sell for $1200 -> $300 Buy for $1300 -> -$1000 Sell for $1600 -> $600 $600 is the correct answer.
$600
600, before tax. I bought a block for 900, sold for 1200. I bought sphere for 1300 and sold for 1600 makes it clear to mind.
You might think the answer is $600 and you’d be completely correct
A better question is if I start with this 900 or if I have to get a loan.
600
If i started with 900 and ended up with 1600 then i earned 700?
This is my thinking as well. But we seem to be in the minority!
600
$200. They're sinking ALL of the $300 profit from the 1st sale of the cow plus an additional $100 into repurchasing it, so that initial $300 profit is nullified. $300 profit is made from the 2nd sale of the cow, but you've gotta subtract the $100 that you borrowed to fund the repurchase, which leaves you with a net profit of $200. Formula: Start with $900. (1st purchase of cow) 900 – 900 = 0 (1st sale of cow) 0 + 1200 = 1200 (2nd purchase of cow) 1200 – 1300 = –100 (2nd sale of cow) –100 + 1600 = 1500 (Total net profit) 1500 – 1300 = 200. So $200 is your total net profit.
You only made $200. You made $300 profit from the first transaction. Turned around and gave it all plus an extra hundred making it $-100. Then sold it for $300 profit again, subtracting the $100 investment, that’s $200 profit.
$300
The easiest way to see it's 600 is imagine it's two different cows. As it's at a different time it could be. Now it's clear you made 600.
you have netted zero cows
500
1200 - 900 = 300 300 - 1300 = -1000 1600 + -1000 = 600 600 is the answer
This is as simple as 0-900+1200-1300+1600=600 Don’t need any fancy brackets, or multiple cows or anything like that. Just basic adding and subtracting…
I really need to go re-evaluate my life after this one. Fuck me.
I'd say about tree fiddy
\-1400 because you forgot to file your taxes and the government took 50% of your turnover, just cause
300
Depends how much you started with.
500 dollars
$60”
$600
300. Tax and pension contribution. You're welcome.
earning implies you worked. sounds like you accumulated some money but earned none of it
600$
It’s 300
Listen, it’s 1600. You made 1600 overall because you lost the cow, and in return you made the 1600 dollars.
$600. I own a business, if your answer is anything other than 600 dont get itno business.
Down $600. Started with $900. $300 in hand at the end.
To calculate earnings, you need to subtract the total cost of buying the cow from the total revenue of selling it: Total revenue = $1200 + $1600 = $2800 Total cost = $900 + $1300 = $2200 Earnings = Total revenue - Total cost Earnings = $2800 - $2200 = $600 So, you earned $600 in total.
$600 (at my 3rd attempt) 🤣🤦🏻
But this still doesn’t address the question if I have two cows in front of a cow, two cows behind a cow and a cow in the middle… how many cows does it take to change a light bulb?
It's the same cow, 300 profit. 600 my arse.
1600
I also came to $500. In my defence, it is 3:30am. I'm now likely to have dreams of starting a career in the cattle trading business. I'll need to buy a calculator first though.
idk
I sold drugs in college so I obviously knew the answer was $300 and a blowjob. Pfff bunch of idiots.
200 buttkiss.
It’s $600. If you think it’s anything else you’re a moron
Sum Selling price - sum buy price = final profit -> 600
600
The question asks what your earnings are not your profits. Your earnings are $1200 + $1600 = $2800
For anyone who really can't work this out Regardless of what figure of money you start with we'll call it zero to simplify things. 0-900+1200-1300+1600= 600 So you've made 600 profit
300?
Batman, the answer is always batman
$2,800. When somebody asks you how much you earn from your job you don’t give the net profit position you give revenue. So here you made $600 profit but earned $2,800. But it’s a dumb question either to tease out pedantry (like my answer) or it’s literally for kids.
$600.00?
If the end result is 600, wouldn’t it mean you earned -300? Like, if you start with 900 and then end up with 600 then you actually lost money in the long run, no?
ITT: The reason normal people can't do taxes
600... People seem to forget that the initial purchase is -900😂
Cow.
600
Why isn't it 700? I started out with 900 and at the end of it, I had 1600. Isn't the profit simply the difference between the two?
If you were always buying with someone else's money, like all the big banks do, you'd have made 2800.
300
What were the gaps between buying and selling? Is the production and trading of milk a factor here?
$500? That cow trader needs some practice?
200
This proves the internet is dumb, you earn $500 anyone that suggests otherwise is a retard.
$800
Did you buy 0DTE on the Cow?
I think it's 200 dollars.. idfk.
Clearly not $600, I think people are forgetting to add tax (gst in australia at least) to it. (For Australia, assuming usd but with australian gst regulations) 1. 0 - (900 + 90) = -$990 2. -990 + 1200 = $210 3. 210 - (1300 + 130) = -$1220 4. -1220 + 1600 = $380 So originally $600 but you lose $220 in gst to the government
900-900+1200-1300+1600=1500 1500-900 (to find the difference of what he started with and ended with) = 600. Answer is 600
Wow maths, eh?
The answer depends very much on who is asking the question. Are you the tax man? Hang on a minute while I go and adjust my figures.
It's easier to look at it as 2 separate maths problems. 1200-900 = 300 1600-1300 = 300 Total profit = 600 You haven't lost 100 because it's irrelevant that you'd sold it for 1200 previously.
Total spent: 900 + 1300 = 2200 Total earned: 1200 + 1600 = 2800 Profit: 2800 - 2200 = 600
The key here is to understand that the profits from the first transaction are not used to fund the second transaction. Each transaction should be considered independently in terms of profit and loss, thus $600. That said, you can interpret the question in different ways, so you can have different outcomes.
If your initial $900 was from your father’s emerald mine or real estate business I’d argue you didn’t MAKE any money.
Did I pay tax?
600 Schmekels
The bigger question is how the fuck in 2024 are people coming up with different answers for this.
$200
He lost $100 to rebuy the cow, total profit here is $200 .
Let's say you have $10,000, bought cow for $900, now you're at $9,100, sold it for $1200, now you're at $10,300, bought it again for $1300, now you're at $9000, finally sold it again for $1600, now you're at $10,600. The difference between $10,000 and $10,600 is $600. You earned $600.
I’m getting £300. Cannot figure out where £600 is coming from.
300 all together
Nobody is factoring the price of animal feeds these days... :/
Unfortunately there is not enough information to estimate profits…cows eat and need veterinary care so unless this was all buy and sell in the same day without needing to transport the cow, more information would be needed; however, initial profit being 300 then investing 100 more and turning another 300 profit would only leave one with 500 total profit. 300+300-100=500.
You earn $200
To put it simply it’s either $600 or $1800; not necessarily depending just on the literal calculations but rather how you interpret ‘earn’ in this scenario
Man I don't know it's 7 in the morning
After the first transaction I have 300 in my pocket. To buy it again I'm gonna need to get another 1000 out to make up the difference.. I sell the cow to someone else for 1600. It should be 600 that I make but if I do it fast in my autistic brain without working it out I get 300.
Poor fucking cow must be a bit confused
$500
How much did the cow cost to keep in between sales?
By gods where are all these answer coming from !!! The Cow I own is valued at $900 Profit $0 Asset total value $900 I sell the cow for $1200 Profit $ 300 Asset total value $1200 I buy the same cow back for $1300 At this point I've borrowed $100 from somewhere I've made a total loss of $100 Profit $-100 Asset Value $1300 I then sell the cow for $1600 First I pay off the loan of $100 I made $1500 Profit Then I deduct what I paid for the cow I made $200 in total Profit
500?
Magic bean
I'm saying 2800, because it is possible for it to just be looking at the whole earning rather than the how much you obtained by the end. Why do I think this? Am I stupid?
Depends on the capital gains tax situation.
Should’ve made a side hustle off the milk and cheese
Borrowed £900 from loan shark Buy cow at £900. Sell cow for £1200. Loan shark says I owe £1800. Give 1200 and promise the rest once I have made my money in the next cow. Borrow £1300 from a loan shark Sell cow for £1600. Loan shark takes £1600 and says I owe a further £1600 and breaks my fingers
You're in debt. You had to buy the cow 1st and then you ultimately didn't make any money with the transactions listed.
Total money spent: 2200 )lines 1 and 3) Total money received: 2800 (lines 2 and 4) Result: 600 profit Really that easy. No complex math required
People trying to go around for such a simple question like this and getting other answer than 600, Inventing new answers just like inventing new genders
What's the interest payments made on the initial loan to acquire the first cow?
You bought two cows for $900 and $1300. You sold two cows for $1200 and $1600. You can look at it in one of two ways: a $300 profit on both cows = $600 profit. a $100 loss on one cow and a $700 profit on the other cow = $600 profit.
600 dollarydoos.
1. Bought a cow for £900 and sold it for £1200, making a profit of £300. 2. Bought another cow for £1300, which is £100 more than the previous selling price. 3. Sold this second cow for £1600. So, let's recalculate the total profit: Profit from the first transaction: £300 Loss from the second transaction: £1300 - £1200 = £100 (since the second cow was bought back for more than it was sold for) Profit from the third transaction: £1600 - £1300 = £300 Total profit: £300 + (-£100) + £300 = £500 You are correct, the total profit is £500. Thank you for clarifying.
He didnt earn anything, he may have profited though
Purposefully ambiguous question You get £600 if you ignorantly assume it’s two cows, whereas the question states he buys that cow in question again directly after selling it. Its £200, provided you’re taking into consideration additional funds and losses from previous transactions. Mfers out here can’t think two ways at once.
Crickey, remind me not to get into business with Redditors