A man buys a horse for $50.00. He decides he wants to sell his horse later and gets $60.00 for it. He then?

Question

decides to buy it back again and paid $70.00. However, he could no longer keep it, so he sold it for $80.00. Did he make money, lose money, or break even? Explain why.

Answer 1

He made $20

$60-$50=$10
$80-$70=$10

Answer 2

He made money. Let's say he put out $50 to get the horse, but when he sold it for $60, he made $10. Then when he bought it for $70, he had to put out $60 (while using the $10 he made). After it was sold for $80, he made $20 in the end. So he DID make money =]

Answer 3

yup i could purchase a fifteen three hundred and sixty 5 days previous horse, even however she must be extra lower back into paintings she would manage to be especially secure and chilled out and could probable be an quite wonderful horse. i be attentive to a 35 three hundred and sixty 5 days previous pony which could nevertheless bounce (basically x poles and 18 inches yet nevertheless leaping!) and my chum offered a horse that became into sixteen and did no longer retire it till 27 and it lived till 31! and that i presently holiday a 27 three hundred and sixty 5 days previous a million/2 blind dressage mare and tutor her with stable consequences, she strikes like a sixteen three hundred and sixty 5 days previous! Hickstead became into an olympic horse and named between the ideal horses interior the international and he became into making plans to circulate to the olympics at age 15, yet he died from a heart situation or blocked artery or some thing that would have got here approximately to any horse! one in all Ian Millars olympic horses he bought to a rider he became into preparation and the horse became into 18 and nevertheless competing at grand prix point! maximum horses do no longer attain their best till 11-15 so in spite of the actuality that this is an older age the horse will nevertheless be completely stable!!!!! as long because it has no wellbeing matters (tooth, legs and lower back are all nice) there should not be a situation :) desire you have exciting inclusive of your new horse (regardless of you could finally end up with!)

Answer 4

He spent $120 total (50+70) and received $140 total (60+80). He made $20 (140-120)

Answer 5

he made $20 bucks
say he started out w/ 50 bucks but bought the horse
50-50=0
then he gained 60 buz he sold it
0+60=60
then he paid 70
60-70= -10
then he old it for 80
-10+80=70
he started out with 50 and now he has 70 so he got 20 bucks

Answer 6

Here are the transactions:
1. Buy 50 Sell 60 Profit 10
2. Buy 70 Sell 80 Profit 10
He had 2 transactions and made 10 on each
He made $20.

Answer 7

he spent a total of 120, 50 + 70 =120 , he received 60 + 80 he received 140 therefore he made money.$20.00.

Answer 8

Got $20 extra

Answer 9

Actually, No he would not have made any money because he would have to take into account the care that he placed into the horse for feed, hay vaccines, blacksmith work and such.

Answer 10

He made $20. Each time he bought and sold it, he made $10.