Biz IQ test

[Anonymous No.49260253]

Let's see how many of you are retarded

[Anonymous No.49260266]

20?

[Anonymous No.49260272]

10

[Anonymous No.49260287]

He didn't make any money. He wasted his time trying to buy the dip. Buy High Sell Low.

[Anonymous No.49260289]

>>49260253
he made 90 dollars

[Anonymous No.49260292]

he breaks even

[Anonymous No.49260296]

>>49260253
-60+70-80+90=20

[Anonymous No.49260297]

Nothing, he lost $70

[Anonymous No.49260308]

>>49260296
Damn you stupid.

[Anonymous No.49260333]

>>49260296
you made an obvious mistake

[Anonymous No.49260339]

>>49260253
Nigger should’ve hodl, imagine the tax

[Anonymous No.49260374]

>>49260296
Time to go back to your special Ed class.

[Anonymous No.49260389]

>>49260339
Dangerously based

[Anonymous No.49260394]

>>49260253
Adjusted for inflation that'll be about 0.0003 dollars.

[Anonymous No.49260400]

>>49260296
>I get financial advice from people like this, on a taiwanese coffee brewing and business development
I'm uninstalling /biz/ right fucking now. I'm going back to /cm/

[Anonymous No.49260428]

>>49260253

$35.99

[Anonymous No.49260429]

8.595

[Anonymous No.49260435]

He made 2000% profit
It's all about the percentages abby.

[Anonymous No.49260444]

>>49260253
10
he lost the 10 when he fomo'd back in at 80 when you finally sold again at 80

[Anonymous No.49260446]

>>49260253
ten bucks

[Anonymous No.49260458]

>>49260253
He didn't make anything. At best he performed some arbitrage to slightly increase goat liquidity and price stability.

[Anonymous No.49260465]

>>49260446
actually its $30 just did the maths

[Anonymous No.49260477]

>>49260308
>>49260333
>>49260374
>>49260400
Are you all actually fucking retarded? The answer is 20.
2 trades
First trade: 60 cost, 70 revenue from sale = $10 profit
Second trade: 80 cost, 90 revenue from sale = $10 profit
Add them together and what do you get morons?

[Anonymous No.49260484]

>>49260446
>>49260444
>>49260266
>>49260272

Why are there so many brainlets on biz??

[Anonymous No.49260500]

>>49260253
About tree fiddy

[Anonymous No.49260506]

>>49260253

You have to count sex with the goat as a profit as well.

[Anonymous No.49260518]

>>49260477
Do Kwon is that you??? Or is this the ghost of bernie madoff?

[Anonymous No.49260522]

>>49260253
>Fed reserve prints $90 billion dollars
>how much money did they make?

[Anonymous No.49260530]

>>49260477
he had to pay $10 because he fucked the goat in between so it ends up being 10

[Anonymous No.49260533]

>>49260477
lmao you've fallen for a classic /biz/ troll

[Anonymous No.49260534]

>>49260253
Zero

[Anonymous No.49260536]

>>49260253
About Tree fiddy

[Anonymous No.49260544]

>>49260477
This.
and checked.

[Anonymous No.49260543]

>>49260518
show your work or forever be disregarded as a moron with nothing of value to add

[Anonymous No.49260556]

>>49260518
>t. retard that called someone dumb for getting the right answer, all the while refusing to provide his own
Yeah delete yourself IRL

[Anonymous No.49260565]

>>49260477
The answer is actually $30....90-60=30
>I have a PhD in math and work at KPMG.

[Anonymous No.49260572]

>>49260556
That is called a Ponzi Scheme..

[Anonymous No.49260575]

>>49260253

Zero. He "made" no money.

[Anonymous No.49260577]

>>49260253
he fucked the goat

[Anonymous No.49260581]

>>49260565
He didn't make any profit from the 70 to 80 mark you fuckin idiot.

[Anonymous No.49260582]

It's $20, it's either retards or discord gendered who say otherwise.

[Anonymous No.49260608]

>>49260253
the answer is literally 20

[Anonymous No.49260609]

>>49260581
That's common core math. I only do real math, pre-Obama math.

[Anonymous No.49260624]

He didn't make any money. He went back to breaking even when he sold at $90. Not sure if you guys are troll or really this stupid...

[Anonymous No.49260672]

>>49260477
He is correct.
Total cost: 60+80 = 140
Total sales: 70+90 =160.
160-140 = 20.

This is an example of a washsale

[Anonymous No.49260692]

>>49260572
Kwonzi*

[Anonymous No.49260697]

>>49260253
$0.00

he does it for free

[Anonymous No.49260699]

>>49260477
He is correct.
Total cost: 60+80 = 140
Total sales: 70+90 =160.
160-140 = 20.

This is an example of a wash sale

[Anonymous No.49260702]

>>49260581

Pretend you start with 100$
100-60+70-80+90=120
120-100=20

[Anonymous No.49260706]

>>49260253
he has $90

[Anonymous No.49260714]

Assume the man starts with $100.
>he pays $60 for a goat
He now has $40 and a goat.
>sells the goat for $70
He now has $110.
>buys it back for $80
He now has $30 and a goat
>sells it for $90
He now has $120.

He made a $20 profit.

[Anonymous No.49260732]

>>49260533
>he fell for the you've fallen for a classic /biz/ troll troll

No, they are genuinely that retarded.

[Anonymous No.49260738]

>>49260477
He is correct.
Total cost: 60+80 = 140
Total sales: 70+90 =160.
160-140 = 20.

This is an example of a wash sale

[Anonymous No.49260747]

>>49260253
Let's say he had $100 to his name
>bought goat for $60, now has $40 left
>sold goat for $70, now has $110
>bought again for $80, now has $30
>sold goat for $90, now has $120
So he made $20, right?

But if I look at the buys and sells, and reset the original amount of money to match the highest buying price, what do we get?

>starts with $80
>buys goat for $60, has $20 left
>sells it for $70, now has $90
>buys it back for $80, now has $10
>sells it again for $90, now has $100
alright, so $20 in profit again.

but what about

>man only has $60 to his name
>buys goat for $60, now has no money
>sell it for $70, now has $70
>Buys it back for $80 after borrowing $10 from a friend, now owes friend $10
>sells the goat again for $90, now has $90
>pays $10 back to the friend who loaned him money
>now has $80
$20 in profit again

OR

if we're counting the amount of money he COULD'VE made if he had just held onto the goat (bought at $60, sold at $90 for $30 of profit), he technically lost $10 of potential profit. Nonetheless, in reality he still made $20 in profit.

I'm I retarded? I just typed this out as I thought through it

[Anonymous No.49260749]

BIZ IQ question that 99% of people can't answer:

Q: How is all money created?

A: All money is created digitally by private banks issuing loans.

Proofs available at bankLIESdotORG

[Anonymous No.49260796]

>>49260747
You must be a grad student.

[Anonymous No.49260814]

How long did he hodl the goat?

[Anonymous No.49260861]

-1 goat.

[Anonymous No.49260899]

(-60 + 70) × (-80 + 90)
4800 - 5400 - 5600 + 6300 = $100
Minus the original $60 leaves us with $40 profit

[Anonymous No.49260905]

>>49260575
Based.

[Anonymous No.49260940]

>>49260747
Damn you must be a central banker.

[Anonymous No.49260962]

160$

[Anonymous No.49260965]

>>49260796
Nay, I'm a highschool dropout. Still ended up going to college, but couldn't focus (I'm literally ADHD as fuck). Maybe I'll give it a shot again in the future, but I'm almost 30 and so fucking jaded and cynical at this point.

[Anonymous No.49260971]

fuck your question nigger

[Anonymous No.49260987]

>>49260747
ur wrong lol

[Anonymous No.49261044]

>>49260477
He is correct.
Total cost: 60+80 = 140
Total sales: 70+90 =160.
160-140 = 20.

This is an example of a wash sale

[Anonymous No.49261073]

You flip two coins. One of them is heads. What are the chances both are heads?

[Anonymous No.49261121]

Think I'm retarded bc I can get more than one answer if I try hard enough

[Anonymous No.49261122]

>>49260702
>>49260714
>make the simple math, harder
Oh no no no hahaha

[Anonymous No.49261139]

>>49261073
100% if both sides of the coins are heads

[Anonymous No.49261157]

>>49260253
this is 3rd grade math, its 20

[Anonymous No.49261163]

>>49260253
>Buys for 60 | 0
>Sells for 70 | +10 | +10
>Buys for 80 | -10 | 0
>Sells for 90 | +10 | +10

He's up $10

[Anonymous No.49261180]

>>49261073
25%
Too lazy too explain. You won't get it either way, if you're a brainlet.

[Anonymous No.49261192]

>>49260253
Reality $10
IRS sees $20

[Anonymous No.49261208]

>>49261163
christ, you cant even add your two +10?

[Anonymous No.49261213]

He made 20$

[Anonymous No.49261214]

>>49261073
100% or bust.

[Anonymous No.49261246]

>>49260253
$300.
60+70+80+90=300

[Anonymous No.49261267]

$30

He starts with $60 bucks of value

earns 10 dollars in sale

has $70 in cash

buys again for $80 - with extra $10

(trick part of question - they are asking how much did he make, not what was his profit)

Owns $80 goat

Sells for $90

60 + 30 = 90

How much did he make? From $60? $30.

How much did he profit? $20

[Anonymous No.49261275]

>>49261246
your a retard but ygmi fren.

[Anonymous No.49261397]

-60+70-80+90=20 simple as

[Anonymous No.49261453]

>>49260253
$20 according to the tax man
$10 according to his wallet

[Anonymous No.49261551]

>>49260253

It's $20 you fucking idiots.

Buys goat, -60
Sells goat for 70 (-60+70= 10), he's at 10
Buys goat for 80 (10-80), he's at -70

... sells goat for 90, -70+90 = 20

[Anonymous No.49262091]

>>49260253
He gained USD, i.e. debt. and lost a goat.

When the debt bomb goes off and the USD collapses, he will beg for the goat back. He will be slaked for thirst, and yet, I will not give him goat milk until he sells me his daughter.

[Anonymous No.49262755]

>>49260253
If he has $60 and ends ups with $90 didn't he make $30?

[Anonymous No.49262795]

>>49260253
He made a more economic decision than a prostitute?

[Anonymous No.49262825]

>>49260609
underrated

[Anonymous No.49262842]

bought eth at 2k
sold at 4k
bought eth again at 1.7k
waiting to sell at 4k again

[Anonymous No.49262845]

>>49260253
I am very retard. This man hasn't made or lost a dime.

[Anonymous No.49262896]

>>49262755
He must have started off with $70 because he puts $10 more into the deal when he buys it back for $80.

[Anonymous No.49262907]

>>49261551
I'm assuming the fallacy of think it's $10 is from people who say when he buys it back for $80 he is losing $10 in value from what he sold it for. This is true in theory, but he already had $10 made, and then he sold it for $90 and not $70, so he gained an extra $10 = $20.

[Anonymous No.49262910]

>>49260253
The surgeon was his MOM

ez pz

[Anonymous No.49263044]

>>49260814
All night long

[Anonymous No.49263093]

>>49262896
I am retarded but I agree with this guy.
His net value didn't go from $60 to $90 because if he started off with $60 he would had to take out a $10 loan to buy the $80 goat.

[Anonymous No.49263107]

>>49263093
Net worth, sorry.

[Anonymous No.49263116]

>>49260253
The man is down $140. Fuck profits. Only chumps spend money to make money.

[Anonymous No.49263131]

>>49260289
This

[Anonymous No.49263160]

>>49260253
What's his tax bracket?

[Anonymous No.49263174]

>>49260477
He started with 60$ and ends up with 90$

60 + 30 = 90

He made 30$ you absolute fucking mongoloid fucks.

[Anonymous No.49263175]

>>49260253
HE MADE ZERO WHEN HE BOUGHT THE GOAT BACK FOR $80 IT PUT HIM $10 IN THE HOLE, WHICH GOT NULLIFIED BY THE $90 SALE

[Anonymous No.49263179]

>>49260253
Let’s do this
His buys are minus his sells are plus
He buys for $60
-60
He sells for $70
-60+70= +$10
He buys for $80
-80+10= $-70
He sells for $90
-70+90= $20
Use Microsoft out look as a function

[Anonymous No.49263201]

>>49263175
Technically you're correct. But the IRS jews will call it a $20 profit and tax you on $20.

[Anonymous No.49263207]

>>49260253
He made nothing.

[Anonymous No.49263224]

>>49260253
Simple 20, he uses his profit 10 dollars in the next investment and then sells again for another 10.
Why do you fags keep posting this

[Anonymous No.49263232]

>>49263207
No. Worse than nothing. He lost money because he's paying tax on $20 of "profit"

[Anonymous No.49263236]

>>49263174
I appreciate customers like you.

[Anonymous No.49263243]

>>49260253
-$60 + $70 =$10
$70 - $80 =-$10
-$80 + $90 =$10
he made $10

[Anonymous No.49263258]

>>49263224
Wrong. Let's pretend he didn't buy the whole goat and instead bought a 7/8ths share of the goat. He now has less of a goat than he had when he sold it. His economic share of the goat has declined and therefore he's out money.

[Anonymous No.49263273]

>>49261453
No, 20 according to his wallet as well. If you have the imagination to assume he started with more than 60 in his wallet (what a concept!) his wallet will increase by 20 dollars.
Example starting with 100:
>100-60+70-80+90=120
>120-100=20

>inb4 b-but he must have took a loan with an interest rate to buy back in at 80!
He could have already had enough money, got paid, found it, was gifted it, borrowed it from friends and family, stole it, etc. Those are more logical than assuming he took out an interest loan.
>inb4 the 10 dollar gap is a looooooooooss!!!!
If you buy BTC at 30,000 then sell at 31,000. Buy back in at 40,000 and sell it again at 41,000. What's your profit? Don't dare say the 9,000 difference between trades is a loss. Under that logic everybody is constantly losing thousands.

[Anonymous No.49263299]

>>49263258
You forgot the selling of his staked goat milk while hodling the goat though.

[Anonymous No.49263313]

>takes out loan of $60 dollars and buys goat
>sells goat for $70 dollars, profits $10 dollars and pays a short term capital gains tax of 25% or $2.50
>pays the lender $60 + interest (40¢)
>profit after repayment and taxes is now $7.10
>borrows $72.90 and adds it to his $7.10 to buy goat for $80
>sells goat for $90, profits $10 but has to pay interest of 46¢ and capital gains tax of $2.50
>total profit is $7.10 + $7.04 = $14.14

$14.14

[Anonymous No.49263315]

>>49263243
So according to your logic, if somebody
>buys BTC at 30,000
>sells at 31,000
>buys again at 40,000
>sells at 41,000
They lost 7,000? Instead of the obvious 2,000 profit before taxes and fees? Are you fucking retarded?

[Anonymous No.49263326]

>>49263315
1 BTC*

[Anonymous No.49263338]

>>49260749
What do you think a reserve ratio is?

[Anonymous No.49263339]

If there's one thing this thread taught me it's that I need to get into the second-hand goat market.

[Anonymous No.49263355]

I'm not going to lie.
This is fucking my brain.
Obviously if you buy 2 goats at 60 and 80 and sell the first one for 70 and the second one for 90, you're making $20.
But the buying the same goat back is absolutely fucking me. I mean, I guess I'm not losing money if I sell and bitcoin goes up, but I sure do have less bitcoins than when I started when I buy again.

[Anonymous No.49263410]

>>49263355
>This is fucking my brain.
Don't worry it's supposed to. This is a trick question.

[Anonymous No.49263418]

[Anonymous No.49263452]

>>49263418
kek, I lost.

[Anonymous No.49263481]

Purchase 1: A
Sale 1: B
Profit: B - A

Purchase 2: C
Sale 2: D
Profit: D - C

Total profit = (B - A) + (D - C)
This is the answer for goats. It's different for other animals of course.

[Anonymous No.49263489]

>>49263355
Better to just sell the first goat for $90 and hang on to the second goat... then you've made $30 and still have a goat!

[Anonymous No.49263914]

>>49263418
He actually lost 10$ since he could've made 30$ but only made 20 so in essence he made a loss.

Now put me on the curve.

[Anonymous No.49263948]

>>49260253
It's $20 and you're a faggot, he made two trades both profiting $10 each the rest of the number are irrelevant.

[Anonymous No.49263961]

>>49263174
He slipped $10 of his own money in for the second purchase, aka still only made $20.

[Anonymous No.49263974]

>>49263914
>Right at the bottom with all the tourists here posting about how they held their 2mill profit back to 10k.

[Anonymous No.49263976]

>>49263961
Yeah I realized that after the post

[Anonymous No.49264161]

>>49260253
-40

[Anonymous No.49264190]

>>49260253
Revenue of 160 dollares
Cost of goods are 140 dollares
but due to tax benefits and goat subsidies amd because his name is Elon Musk, his goat trading company is worth 10 bn

[Anonymous No.49264288]

Say you have $100 to invest. The sequence is as follows:

Buy goat for $60, so you have a goat + $40 in the bank
Sell goat for $70, so you have $110 in the bank
Buy a goat for $80, so you have a goat + $30 in the bank
Sell the goat for $90, you have $120 in the bank

[Anonymous No.49264297]

>>49263418
I went through all those 3 stages and now I am enlightened. 20.

[Anonymous No.49264313]

>>49260253
He lost 10 dollars. He's -minus 10 for selling instead of HODL to 90 and selling

[Anonymous No.49264332]

>>49260253
$20, retards.

[Anonymous No.49264354]

>>49262795
>thinks the goat wasn't also a prostitute

[Anonymous No.49264400]

>>49260608
In taxable terms, it is $20

[Anonymous No.49264409]

>>49260253
Well, if in the process of having the goat the man used her instead of paying a whore or a gf the man could save thousands of dollars between the transactions.
Let's say a month enjoying that beast, 10k for each month would be my estimate = $10.020

[Anonymous No.49264603]

>>49260253
Imagine swing trading your livestock for a $10 profit

[Anonymous No.49264790]

>>49260253
The GDP increased by 300 dollars because of these transactions

[Anonymous No.49265995]

>>49263338
Banks create new money out of thin air with no need for prior reserves or deposits. After you sign the loan contract, the bank creates new money digitally in their computer. This is how 95% or more of the money supply is created.

Proofs available at:
bank LIES dot ORG

[Anonymous No.49266105]

>>49260253
20$-Inflation so it depends on how much time passed between swings.
He probably would be better off just opening up an goat erm well.."establishment". Your property needs to work when you don't trade it.

[Anonymous No.49266135]

>>49260296
Yup

[Anonymous No.49266141]

>>49260253
30 dollars profit

[Anonymous No.49266239]

10 because in my country gain taxes are 50%

[Anonymous No.49266296]

He now has depression because he missed the goatrun from $70 to $80 so he spends his $20 on booze and unhealthy food.

[Anonymous No.49266373]

>>49260253
He didn't make any money because the IRS jailed him for tax evasion.

[Anonymous No.49266520]

Alright brainlets, so if he didn’t go through with that final sale how much did he make?

[Anonymous No.49266786]

so there are retards who think he didn't make 20$ profits? HAHAHAHAHAHAHAHAHA

[Anonymous No.49266855]

>>49260253
He made $90, netting a profit of $10.

[Anonymous No.49266905]

>>49260253
Nothing.
A goat breeder made the goat.
All "the man" did was extract value through a corrupt capitalist system.
He didn't make a god damned thing.
The one who made the goat should get $90.

[Anonymous No.49267073]

>>49266855
retard

[Anonymous No.49267142]

>>49260624
nice new psychology experiment sweety.

[Anonymous No.49267311]

>>49260253
Has the goat been wrapped (wGoat)?

[Anonymous No.49267450]

>>49260253
HOW THE FUCK CAN HE BUY BACK WHEN HE ONLY HAS FUCKING 70$. IT DOESNT MAKE ANY SENSE.

[Anonymous No.49267463]

>>49266296
This

[Anonymous No.49267493]

>>49260253
damn, your mom is THAT cheap?

[Anonymous No.49267559]

>>49260253
First sale: $10 profit
Second sale: $10 profit
Leather boots that he fed to it: -$120
He lost $100, but is a /biz/tard and didn't deduct expenses and paid 20% tax on $160 worth of sales. (-$32). So he lost $152, but can still make flip-flops out of the rubber boot soles the goat didn't like.

[Anonymous No.49267578]

>>49260253
10$ after accounting for the goat's depreciation

[Anonymous No.49267587]

>>49265995
So... you are fudding central banking to get more people to buy bitcoin and raise the price? Or are you just mentally ill?

[Anonymous No.49267716]

>>49260253
$3.50

[Anonymous No.49267729]

>>49260732
newfag detected

[Anonymous No.49267737]

Jesus christ I know biz is full of trolls but this goddamn thread holy fuck

[Anonymous No.49267773]

>Not one of you shits factored in Capital Goats Tax

ffs, am i the only adult on this board?

[Anonymous No.49267838]

>>49261163
>Buys for 60 | -60 | -60
>Sells for 70 | +70 | 10
>Buys for 80 | -80 | -70
>Sells for 90 | +90 | 20


>>49260308
>>49260333
>>49260374
>>49260400
>>49260518
You deserve to lose all your investments.

[Anonymous No.49267998]

>>49260253
How much what did he make?

[Anonymous No.49268045]

>>49260477
He is correct.
Total cost: 60+80 = 140
Total sales: 70+90 =160.
160-140 = 20.

This is an example of a wash sale

[Anonymous No.49268085]

>>49260253
How can he buy a fraction of a goat?

[Anonymous No.49268135]

We need more info. They sold 2 items for a profit, which is good

Let's imagine he has 100€. Buys goat for 60$. Now he has 40€. And sells it for 70€. Now he has 110€. Buys goat again for 80€. Now he has 30€. Sells it for 90€. Now he has 120€.

Pretty good desu. That man is going places.

[Anonymous No.49268163]

Buy goat for 60
Sell for 70
Make 10
Buy 2nd goat for 80
2nd goat requires 10 additional dollars of capital and thus cancels out any previous gains.
Sell goat for 90.
Make 10.

[Anonymous No.49268188]

>>49268163
goat futures?

[Anonymous No.49268201]

>>49260253
$0 because fiat to goat is taxable.

[Anonymous No.49268205]

$20 and if you came up with anything else just kys