This riddle destroyed /biz/

[Anonymous No.50648653]

[Anonymous No.50648661]

This again. Fuck off.

[Anonymous No.50648663]

>>50648653
Only absolute room temp IQ idiots wouldn't get the right answer of 20$ profit here

[Anonymous No.50648667]

>>50648653
he made 20 in hard profit
however he lost 20 in opportunity cost from selling

so he made 0 real profit

[Anonymous No.50648668]

>>50648653
$20 realized profit

[Anonymous No.50648673]

>>50648653
Where did he get the extra $10 to buy the second horse? If the man has an unknown number of additional capital besides those $60, then how the fuck would I know anything?
Excluding unknown variables and assuming he straight up went into debt for that horse, the profit from the second horse went to pay the debt and he neither lost or gain any wealth at all

[Anonymous No.50648675]

here's the answer
https://is2.4chan.org/gif/1659067663203402.webm

[Anonymous No.50648676]

>>50648663
Wrong
You always have to calculate what potential the 60 and 80 dollars had.
He could've bought crypto. So that actually make him loose hundreds of dollars in comparison

[Anonymous No.50648677]

>>50648653
>in the end how much money did the man made?
Depends on how much taxes he has to pay. Until then I can't possible answer the question.
Checkmate, goy!

[Anonymous No.50648696]

>>50648675
The answer is he fucks the donkey?

[Anonymous No.50648725]

>>50648653
Bottom signal

[Anonymous No.50648753]

>>50648653
He lost $120

[Anonymous No.50648782]

>>50648653
$10. Duh

[Anonymous No.50648804]

>>50648653
Difference between 60 and 70 is ten dollars, assuming there isn’t any other capital involved prior to the $60 purchase he now has 80 after the sale of the horse at $70 now rebuys at 80 which is ten dollars more and then that takes him to -10 and then selling it for ten more is 90. The answer is he broke even.

[Anonymous No.50648848]

>>50648653
Anybody who has to think about the correct answer of $20 for more than a second should not be in the biz game. By spy ETF and fuck off. It will be a lot less painful for you and you'll have more money than you would have otherwise

[Anonymous No.50648850]

>>50648653
10

[Anonymous No.50648854]

>>50648673
You're retarded

[Anonymous No.50648858]

>>50648673
the only relevant answer in this thread and if you can't see that you're actually fucking retarded. There is too much information missing to even attempt a non 5yo tier response. you should all end your lives or take econ 101

[Anonymous No.50648861]

>>50648858
You're retarded

[Anonymous No.50648878]

>>50648848
enlighten me grand master, hwo the fuck do you know where he took the extra 10 from for the second purchase?did he borrow it? did he just have it flying about? if so, why didnt he buy a saddle with his fucking horse the first time around and just let it sit in his bank account? not even gonna get into possibly taxation inflation as thats 7 steps too far.

[Anonymous No.50648888]

>>50648861
i feel truly sorry for you, you are unironically a midwit

[Anonymous No.50648902]

>>50648653
>Variant 1
Initial 100
Horse -60
Owns 40
Sells Horse +70
Owns 110
Buys Horse Again -80
Owns 30
Sellss Agaim for 90
Owns 120
>Variant 2
Initial 60
Horse -60
Owns 0
Sells for 70
Owns 70
Buys horse again for -80
Owns -10 -> goes 10 in debt
Sells for 90
Owns 90 -> but repays 10 debt so in the end, owns 80
Jew bank just made 1/3 on your profit

TL;DR - Theoretically he's 20 bucks plus if he had more money than the initial 60 at the beginning of this jew-fu. But if he started with the initial 60 only, then jew bank made money out of thin air. Literally jewconomics and modern money making in a nutshell. If you have a lot, it multiplies.

[Anonymous No.50648908]

$10 realized gain on trade 1
$10 realized gain on trade 2

That's a total gain of $15.6 after tax

[Anonymous No.50648909]

>>50648878
It's not that complicated. It's a simple riddle to filter over thinkers and retards. You've failed the interview

[Anonymous No.50648920]

>>50648902
>>50648861

exactly, you can just arbitrarily alter the outcome by changing his initial arbitrarily. But some lukewarm IQ redditoids are too preoccupied with wanking on themselves

[Anonymous No.50648929]

>selling a horse
ngmi regardless

[Anonymous No.50648933]

>>50648848
You are a stupid nigger

[Anonymous No.50648935]

>>50648909
I reckon the interviewer would be more impressed by my saying "I'd need more information" than your midwit take that could very well be wrong under different circumstances.
go back

[Anonymous No.50648940]

>>50648653
man has $70
he spend $60 on horse
then sell for $70, now have $80
he spend all $80 on horse
then he sell for $90

so he start with $70, then he have $90, difference is $20

[Anonymous No.50648962]

>>50648909
>b-but WHAT IF he also had $3m in peepeepoopookoin that is redeemable for hay at a rate of 1 peepeepoopookoin for 10g hay
>and it takes 100kg of hay to make the horse grow 0.372kg heavier up to a limit of 800lbs (or 801lbs in winter as the horses coat gets thicker)
>and the horse is currently only 504lbs and each additional pound adds $0.32 to its selling price
>and the man also has an AGI of $200k and there is a phase out on deductability of costs to feed a horse between $195K and 208K AGI for single taxpayers
anon thinks hes smart but anyone can pull extra shit out their ass

[Anonymous No.50648964]

mitwits in this thread...
buys horse for $60 AND $80
Sells horse(s) for $10 profit on the first and $10 profit on the second
hes down -$120

[Anonymous No.50648970]

He lost 10 dollars at all time high

[Anonymous No.50649000]

>>50648653
He sold out a friend and valuable companion for $20.
He is a faggot and ngmi.

[Anonymous No.50649001]

>>50648935
The interviewer would think you're a hard R retard for not being able to add 10 and 10

[Anonymous No.50649005]

>>50648804
1) why do you assume he doesnt have any funds. If anything a more realist assumption is he has more money
If we want to analyze with impactful assumptions, then you also need to know tax rate, time of buy and sale to calculate inflation, cost of holding the horse, opportunity costs, externalities...
I dont think its the point of this exercise. I think the point of this is to find retards that try to sound smarter than they are
2) he made 10 usd on the first sale and 10usd on the second... Thats a 5 year old math problem

[Anonymous No.50649019]

>>50648902
Variant 3
--------------
Initial 30
Horse 60
Borrows 30
-30 in debt
Sells for 70
Repays Debt of -30
Owns 40
--------------------
Owns 40
Horse 80
Borrows 40
-40 in debt
Sells for 90
Repays Debt of -40
Owns 50

Basically it's always 20$ if he can either borrow interest-free loans or have arbitrary amount of money available. So basically jewconomics sophistry to pretend like making money is easy like buying an apple and selling it for more, because you always get fucked on the interest. The poorer you are, the more interest on loan you pays.

[Anonymous No.50649020]

>>50648653
-60
+70
=10
-80
=-70
+90
=+20

$20 profit
You are all retards

[Anonymous No.50649039]

>>50648653
>Get a horse on margin (worth $60)
>Sell it and buy Terra Luna Classic (ticker: LUNC)
>Wait for EOY
>After 1000x buy another horse for $80 to close the margin
How much did I make?

[Anonymous No.50649041]

>>50648902
Ehh.. So the bank gives him 10 and get back 10, how is it making money unless we assume interest rates?
Stop assuming all the world variables, youre not gonna start to figure out how much holding a horse for an unknown amount of time in an unkown place at a unkown time

[Anonymous No.50649043]

>>50648653
I don't know, but the man is now wanted for sexually interfering with a horse.

[Anonymous No.50649050]

>>50648653
>-60
>+70
>=$10
>+10 (balance)
>-80
>+90
>=$20 profit
Don't come at me with that intangible ass opportunity cost shit either

[Anonymous No.50649060]

>>50648653
he nets $20 and a horse-shaped hole in his life

[Anonymous No.50649078]

>omega nibblers
kek

[Anonymous No.50649079]

Depends what his labor is worth, if the sale took more than $20 worth of his time/effort then he's in a loss.

[Anonymous No.50649090]

>>50649041
Read >>50649019

[Anonymous No.50649127]

>>50648653

20 bucks init assuming 100 dollars starting capital

[Anonymous No.50649141]

>>50649127
Jesus Christ I can't really understand how some of you think

Seriously. I think I have to stop coming to this board.

[Anonymous No.50649146]

>>50649141

whats wrong with the calculation mate

[Anonymous No.50649164]

>>50648653
at the end of the trade he is at +/-$0, but since he was in the negative (-$10) he now owns the jews intests (ca. $1-$2), and, ofc, intrests on the intrests (ca. $0.1-$0.2)

[Anonymous No.50649181]

>>50649090
Doesnt explain how the bank made money. They only make money on interest, which is supposed to be the price for risk and time. Not even taking infaltion into account but if theres a singpe default paymnet, interest free loans are a net negative

[Anonymous No.50649182]

>>50649146
I mean it works
But I see all these long drawn out ledgers

It's simply 70 - 60 and 90 - 80. Not that fuckin hard. The amount of brain power it takes most of you is baffling to me

[Anonymous No.50649191]

>>50649182

I understood it instinctively mate, just laying it out to make the other anons understand

[Anonymous No.50649242]

>>50648673
Suppose he has 30 dollars extra capital and solve the question
Then suppose he 100 trillion dollars extra capital and solve the question
It's the same answer because it doesn't matter. You are dumb as soil.

[Anonymous No.50649258]

>>50648878
Where did he get the 60 from? It's the same shit. He got it from his fucking pockets, which can be presumed to contain at least the amount of money he takes out from them.

[Anonymous No.50649283]

>>50648653
I did the maths and it should be $20 but I keep thinking it should be $10 instead.
He makes $10 the first time around then loses the $10 profit only to get it back the next time he sells his horse.

[Anonymous No.50649318]

The OP question asked how much MONEY did he make or lose. It didn't state how much he had to begin with, or how much he had at the end. It simply ask how much did he make or lose. The answer is $20.

[Anonymous No.50649759]

>>50648878
>>50648888
>>50648920
>>50648935
just shut the fuck up already
having a big mouth won't fix your small brain

[Anonymous No.50649778]

>>50648653
$90

[Anonymous No.50649818]

>>50648653
10$

[Anonymous No.50649837]

>>50649759
go back

[Anonymous No.50649842]

0

[Anonymous No.50649906]

Help I bought Horse NFT with money I don't have.

[Anonymous No.50649967]

>>50648653
He made $20, but could have made $30 if he held

Lesson: Time in the market beats timing the market

[Anonymous No.50649992]

>>50648653
Is this like a test for IRS employees to make sure they're taxing every cent possible?

[Anonymous No.50650125]

>>50648663
>Only absolute room temp IQ idiots wouldn't get the right answer of 20$ profit here
you missed the taxes paid
the agricultural subsidies acquired
the cost of various cattle transportation licenses
the cost of the broker for the transactions
the feed for the horse during the time you hodled it
the funding/lending costs of your initial investment

and importantly the opportunity costs of instead going in on goats futures, /biz/ as a whole doenst grasp the concept of opportunity costs

[Anonymous No.50650405]

>>50649967
Only wise post in the thread

[Anonymous No.50650470]

>>50648653
>buys horse, -$60 in the red
>sells for $70, +$10 profits
>buys again for $80, now he’s -$70 in the red
>sells for $90, now he has $20 extra bucks in profits
I’m not counting shit like taxes here because thats already gay as hell in the real world and I didn’t see so much as a single percent of it. This is also counting how much money he made specifically from this convoluted scheme.
>>50649967
kek

[Anonymous No.50650476]

>>50648653
What country does the man live in? Did he have to pay short or long term gains on those trades? He would have been better off just HODLing the horse and selling it later for $100 and then only have to pay long term capital gains instead of short.

[Anonymous No.50650501]

>>50648663
>Only absolute room temp IQ idiots wouldn't get the right answer of 20$ profit here
Wrong, midwit. You forgot taxes.

[Anonymous No.50650507]

>>50649283
>loses the $10 profit

[Anonymous No.50650522]

>>50648653
The cost in labour and time to mobilize the horse to sell and then mobilize to buy back wipes out any profits, he more then likely made a net negative as fuel costs are very high and he’d of had to trailer the horse back to his home when he bought back.

[Anonymous No.50650532]

I guess you could say he bet on the wrong horse

[Anonymous No.50650548]

>>50648653
$20 realized profit. There are "people" on biz who have trouble with this...?

[Anonymous No.50650549]

>>50650501
You also forgot if he had not bought and sold in between. He could have had 30 dollars but he's only got 20, so he's lost 10 dollars because his strat sucks

[Anonymous No.50650568]

>>50648673
Holy shit you're low IQ. Give any amount if starting capital and the answer is the same.

[Anonymous No.50650611]

He lost approximately $500 because his copay is $520 and he got a rare venereal disease when this piece of shit furry stuck his dick inside the horse

[Anonymous No.50650614]

>>50648676
No you fucking don't, retard. Toy don't mix explicit and implicit cost/gain. He explicitly made 20 dollars. The early sell had an implicit cost of 10 dollars (could have held to make 10 more dollars), but that's not what's being asked. You don't calculate profits with implicit gain/loss.

[Anonymous No.50650634]

>>50648653
Start : 60$

Ending : 90$

---- He made 30$ profit
But he invested 10$
Therefore he only made 20$


Explain to me with normal words how is this not the right answer ?

[Anonymous No.50650644]

He started with 60, then ended with 90?
That's a 30 profit.

[Anonymous No.50650668]

i really hope this whole thread isnt bait and people actually are this stupid

[Anonymous No.50650706]

>>50649283
You're mixing implicit and implicit cost/gain.

Explicitly (what matters) - 100$ starting
$100, goes to market
Buys horse, $40
Sells horse, $110
Buys horse again, $30
Sells horse again, $120
120-100 = 20 dollars realized profit

Implicitly- $100 starting
$100, goes to market
Buys horse, $40
...
Sells horse again ($90), $130

120-130 = -10 implicit cost (meaning, with what info he had, what he COULD HAVE made. But you don't calculate implicit costs for questions like these, and not usually in irl as well, as it's usually almost impossible to know the opportunity costs of everything outside a closed ledger like above.

[Anonymous No.50650726]

>>50650668
They’re all bitfucks
This is the only right answer >>50648902
There many variables unmentioned but one could assume the person involved in the trade has more than $60 as initial so variable 2 is probably what the Reddit nigger creating the question is looking for while the literal mouth breathers in here get brain diarrhea

[Anonymous No.50650732]

>>50648653
the man made $20 profit

[Anonymous No.50650736]

>>50648653
60$+10$=70$ -10$ profit
10$(outta pocket)+70$=80$
80$+10$=90$ -10$ profit
10$+10$=20$
20$=profit
5.09% average sales tax X 20$=1.01
20$ - 1.01=18.99$
Me smurt

[Anonymous No.50650767]

>>50648653

3 Trillion Pesos €

[Anonymous No.50650770]

>>50648653
He made $20, but missed the chance of making $30.

[Anonymous No.50650773]

A horse is always the same value, 1 horse, for the purposes of this problem it's denominated in $. During his first horse ownership, $ is devalued by $10. When he doesn't own the horse it's devalued by another $10. In the 3rd horse ownership it's devalued another $10. He had to secure the additional $10 to even be able to buy the horse the second time. Depending on his reserves he may not even be able to ever buy another horse. Thus, the answer is either he lost $10 (during the time he didn't own the horse), if you use actual value (1 horse), instead of looking at the useless fiat number like a bunch of retards (all of you in this thread).

I bet you guys are the type during a giant bull market/fiat printoff to somehow not buy any real goods or property and instead somehow buy magic coins that are denominated in meaningless fiat numbers and remark that they are "going up" and you are "making money" while meanwhile everything that you could actually use or want becomes less affordable to you.

[Anonymous No.50650789]

>>50650767
God I love freckles.

[Anonymous No.50650797]

Made profit aprox 29% so around 17.5 dollars

[Anonymous No.50650807]

>>50648653
with inflation at 15-20%, and the taxes on the $20 profit, he lost money

[Anonymous No.50650812]

>>50650125
This, the farmer is bankrupt.

[Anonymous No.50650823]

>>50650125
This.

How much do you have to feed a horse to raise its value by $10? Surely horses are a depreciating asset.

[Anonymous No.50650949]

It's literally 2 trades and he made $10 on each trade, how the fuck do you not understand, this is literally the board for trading

[Anonymous No.50651716]

>>50648653
He broke even with nothing.

[Anonymous No.50651736]

>>50650501
>amoritization
>inflation
>tax
>time between purchase/sales
>condition in real terms of said product
It's literally a meme image made to bait brainlets.
Which probably means that there's something decent in the catalog. peace.

[Anonymous No.50651811]

>>50649000
checked. only correct answer. Fuck horses lifeless eyes though

[Anonymous No.50652071]

>>50648964
So when he sells he only sells for 10? I thought hebsold for 70band 90, making 160 usd in and 140 usd out. Ill let you do the math on this complex equation

[Anonymous No.50652111]

>>50648653
WHY THE FUCK does this shit always get 100s of replies?
I fucking hate this place. See you tomorrow lads

[Anonymous No.50652113]

>>50648653
He would be taxed on $20 so $20

[Anonymous No.50652132]

>>50648653
>If I'm taxing him, he made profit
>If he's submitting taxes he lost money
>If there are no taxes, he broke even

[Anonymous No.50652141]

>>50650501
Capital loss carry forward nigga if horses are capital assets. If it's 1245 business property then you can actually depreciate the horses and take section 179 if you want to be aggressive. Tax shouldn't come into play with this overly simplistic situation as simple profit times tax rate is a midwit way to calculate tax. It's the academic way and it's for fuckwads who want to appear smart. $20 is the answer only a theoretical midwit would argue otherwise, just for the sake of arguing, which at that point rope to everyone involved

[Anonymous No.50652163]

>>50648653
He made $10 profit, it look me 1 second because i am genius IQ
makes $10 profit first sale
loses $10 buying it back
makes $10 profit second sale
total profit = $10

[Anonymous No.50652179]

More realistic scenario.
>man buys horse for $60
>no one will buy it from him for $70
>man sells horse for $40
>horses going for $90 a few weeks later
>man buys horse for $105
>no one will buy from man for $110
>man sells horse for $72
>horses going for $40 a week later
>man waits for horses to become cheaper before buying another one
>horses sell for $60 another week later
>man thinks the price is a trick
>horse goes for $300 a week later
>man buys horse for $320
>no one buys horse from man for $350
>man sells horse for $180
How much money did this man make or lose?

[Anonymous No.50652180]

>>50652163
>loses $10 buying it back
It's 2 separate transactions.

[Anonymous No.50652207]

>>50652179
I ain't doing the math but he is financially ruined via the always reliable /biz/ strategy of but high sell low

[Anonymous No.50652254]

>>50650773
A horse isnt always same value. You have all kind of horses, with a lifespan and capacity for work. Its like saying all humans are the same value.
Since we dont dont any other details it we cant know its value and in fact it doesnt matter since were talking about the price in usd. We dont have any details about the parameters of the sale therefor its irrelevant.
The math is 10 profit on each sell. Thats all we know, so he made 20 usd profits. End of story

[Anonymous No.50652257]

>>50652180
There's another way to do it
>invests $60 (-$60)
>sells for $70 (+$10)
>buys for $80 (-$70)
>sells for $90 (+$20)
$20 profit

[Anonymous No.50652303]

he lost $10 in unrealized gains

[Anonymous No.50652326]

>>50648653
it depends, if he starts with 60 and only has 60, then he has to go 10$ in debt to buy the horse at 80$.
>70 - 60 = 10 in profit
>debt - profit = 0
>90 - 80 = new profit = 10
he made 10 dollars the American way

[Anonymous No.50652337]

>>50650823
The price is not the same as value. The price could have inflated due du demand or getting the buy with a discount. We dont know anything therfor it doesnt matter in our profit on the price calculation denominated in usd.
This problem is to detect people trying to sound smart while its a problem for kids. The bait is that theres no bait

[Anonymous No.50652356]

>>50648653
The horses name is Friday dipshits

[Anonymous No.50652388]

>>50652180
Even if it wasnt separate transactions its still 20usd profit... Guys stop with trying to be smart.
Its literaly 10 usd profit + 10 usd profit

[Anonymous No.50652402]

>>50648653
The man lost everything in a car crash later that day

[Anonymous No.50652415]

>>50648653
He's breakeven. Chekm8

[Anonymous No.50652416]

>>50652326
Nigger tier. -60+70-80+90=20 profit
Is this biz board? Tell me youre all trolling guys

[Anonymous No.50652474]

>>50648653
30

[Anonymous No.50652486]

>>50652474
>implying he sold the horse thrice
>was only sold twice
Indeed.

[Anonymous No.50652503]

>>50648673
Do you tards think people always put 100% of their cash balance into every trade?
Anyone who didn't get $20 needs to leave /biz/

[Anonymous No.50652575]

>>50652503
I dont know man. My sis in law finance master and high end job got 10 too...
I consolidates my opinions that 80-90% of people are retarded compared to the top. I cant understand how so many people got it wrong. Even if borrowing 10 then repay 10 cancelling the thing in the equation (if you really need an equation for this kids math problem)

[Anonymous No.50652614]

>>50652575
You'd think traders would be able to spot the fact that it's literally just 2 simple trades executed to net +10 profit on each one.w

[Anonymous No.50652625]

>>50652179
He learned valuable lessons that will surely help him in his next trade, those last ones were a fluke, he knows how the horse market works now, it was an investment, wagmi

[Anonymous No.50652635]

>>50652614
yeah but it's a woman

[Anonymous No.50652636]

Did he take a loan to buy the horses? What was the interest payment?

[Anonymous No.50652687]

>>50648667
>teal profit
is this what pathetic little bolsheviks say when they can't stand their neighbor made $20 profit?

[Anonymous No.50652701]

>>50648653
Retards think it’s $10
Midwits think it’s $20
Geniuses know it’s both

[Anonymous No.50652715]

>>50652635
A woman managing billions portfolio on a daily basis cant do this simple problem... Im done bois, full blackpilled and demoralized

[Anonymous No.50652735]

>>50648804
This has to be bait. No one is this fucking brain dead.

[Anonymous No.50652749]

How can you buy something for 80 when you only have 70 from your previous sale?

[Anonymous No.50652751]

>>50652254
If you are considering lifespan and capacity for work in the value, that means the vast majority of horses depreciate in value (outside of extreme outliers like horses that are bred to make show horses maybe, but let's say generally they depreciate). Let's also say the guy started out with $70

>has $70, buys horse for $60, thus his net worth is 1.16 good horse buying units
>sells horse for $70, has $80, depreciated horse is now worth $80 in the second transaction when he buys it again, net worth is 1 shittier horse buying units
>sells horse for $90, has $90, horse is now depreciated more, but if the monetary trend continues, the price will cost $100 and he cannot even afford it now

There is no possible way you can look at this and say the guy made money. He started with the ability to buy a good horse with $10 left on the side, and ended up not being able to afford a depreciated horse at all. Everyone in this thread is an absolute moron and it should be obvious why you are poor.

>BUT THE NUMBER WENT UP THAT'S PROFIT!
>NUMBER UP GOOD

[Anonymous No.50652766]

i only know the solution for goats.

[Anonymous No.50652774]

>>50648653
Why the fuck would you wash trade a horse?

[Anonymous No.50652800]

>>50652751
Yes number up. The problem is how much up number go. Thats it. Anything else is your brain trying to sound smart, like assuming plenty of variables about a horse value. We have no information. Maybe ita just the demand that went up. Maybe its a retard willing to pay more than value because of the look of the horse. All those thing are irrelevant and youre trying to sound smart
The answer is -60+70-80+90=20. If you want to add some borrowing since youre stupid its -60+70-80+90-10+10=20. H eborrowed and repaid 10, cancelling the thing...
Youre blabbering to sound smarter than you are

[Anonymous No.50652858]

>>50652800
Money is only valuable because it can be exchanged for things. The only info we have in the problem is what the horse is selling for. He lost horse buying power throughout his trades. You are the one that brought in external speculation like demand and the look of the horse. Moron. This 96 IQ attitude is incredibly pervasive on this board
>bro I made so much this year
>yeah I can't afford any of the things I want anymore and I am even further away from buying the same house/car/etc. I wanted last year, but look at this number!
>it's up!

[Anonymous No.50652863]

>>50648653

He broke even.

[Anonymous No.50652943]

>>50652858
>>50652858
>>50652858
The only thing we know is the fiat transations.
Youre the one bringing an external variable like value. Why do you assume he lost buying power? maybe there deflation, maybe the value of horses went up in between due to world war 3 and lack of petrol. Maybe its in siberia maybe its 200 years ago. The only thing we know is fiat price, stop trying to be smart with your value talk. He made 20usd profit in fiat and thats all we can know, fiat numbers

[Anonymous No.50652966]

>>50648653
cant believe all the low iqs itt.
60 to 70 = 10 profit
70 to 80 = -10 opportunity cost
80 to 90 = 10 profit.
10-10+10 = 10$ profit. all other answers are wrong

[Anonymous No.50653005]

>>50648653
the answer to the riddle is that nobody can buy a fucking horse for $60. come on, man

[Anonymous No.50653008]

>>50652943
Horse price is real, fiat is not. The only think we know is he lost .16 horse buying units.

[Anonymous No.50653025]

>>50652966
You cant assume the 10 opportunity cost as you dont know the horse status and the time of the sales. Maybe he could have bought btc instead of the horse and is -40k in opportunity
All we know is fiat transactions therfor its 20 usd profit in fiat

[Anonymous No.50653046]

>>50653008
We cant know if he lost horse value. Youre assuming its value to tell he lost it. Maybe the horse was sick and considered unhealablr but got better on its own. So maybe he in fact made some horse value covering his risks. Stop assuming external elements

[Anonymous No.50653087]

>>50653025
>>50653046
>stop assuming external elements
>does nothing but assume external elements
Starts with 1.16 HBU, ends with 1HBU, down .16HBU. End of story. He's down.

[Anonymous No.50653108]

>>50648653
He broke even. Anyone who says otherwise is fucking retarded. He made $10 profit per trade but went $10 into the negatives each time so it's a mute point in the end. Low IQ smoothbrain retards will perennially disagree.

[Anonymous No.50653118]

>>50648653
Depends.... did he race the horse while he owned it?

[Anonymous No.50653132]

>>50653087
Youre assuming the state of the horse to tell its horse value. Simple as. Im pointing out things we cant know like siberia kr demand and therfor cant take into account into this math problem without assuming variables. Im not choosing either of these variables but you are. You are the one assuming things while i only take into account know things: prices and transactions in fiat. You cant even assume opportunity costs as you would need yo assume variables of time and marketa

[Anonymous No.50653153]

>>50653108
-60+70-80+90=20
Simple as want to add borrowing add +10(borrow) and -10(repay) canceling each other
I dont know who the smoothbrain is

[Anonymous No.50653166]

>>50648653
-60 (buys horse for 60 now down 60)
+70 (sells horse for 70)
= 10 (now up 10)

-80 (10 from last sale minus 80 buying the horse back)
= -70 (now down 70)

+90 (down 70 from last buy plus 90 from latest sale)
=20 (20 dollars up)

he made 20 bucks

[Anonymous No.50653170]

>>50653118
He did!
The horse he bought, came in 2nd place at the Preakness Stakes!
Now, it's up to you to figure out how much we won!
Tip - The year was 1976!

[Anonymous No.50653186]

>>50653153
I used to be like you. Now I've seen the obvious truth.

[Anonymous No.50653239]

>>50653186
Tell me how he went negative (meaning losing 10usd from somewhere) 10 both times. Im too retarded to understand that. Whats missing from the equation?

[Anonymous No.50653320]

>>50653239
You're missing the fact that this is a traditional /biz/ troll thread

[Anonymous No.50653353]

>>50648653
he lost everything, because he participates in society

[Anonymous No.50653376]

>>50653320
Nah. Im assuming people on this board are this retarded. "How do i short" "a stock split? It scammed me out of my money" Im actually using it as countertrade info.
After all, see the amount of link marines, shib holders or even isee pissers.

[Anonymous No.50653425]

>>50652416
mb it is 20

[Anonymous No.50653457]

>>50648653

Does it matter? In the end, the Jews won.

[Anonymous No.50653851]

>>50652416
>60 - 60 (buy horse) = 0
>0 + 70 = 70 (sell horse)
>70 + 10 (loan owe 10) = 80
>80 - 80 (buy horse) = 0
>0 + 90 (sell horse) = 90
>90 - 10 (owed) = 80
>80 - 60 = 20 profit
lmao I needed paper for this

[Anonymous No.50653895]

>>50653851
You dont even need the initial capital and loans variables
Dont worry, my sis in law, masters of finance senior position managing a portfolio of billions cant get this right

[Anonymous No.50653903]

>>50648653
This is tough op what is the answer

[Anonymous No.50653950]

>>50648675
thanks

[Anonymous No.50653958]

Lol it's $30

[Anonymous No.50653992]

>>50652575
It reminds me of how some people will insist on the incorrect answer to the monty hall problem no matter how many times the correct answer is explained to them. It really explains a lot about the state of modern society when you realize that millions of adults simply lack any abstract reasoning skills whatsoever

[Anonymous No.50654144]

>>50653992
Funny thing is, my mother in law, a literal npc with 80iq got it right while my smart wife and sis in law got it wrong. Bell curve midwits is real.
I used to work hard jobs with low class people (filtering the lazies and real retards) and while those people are uneducated they are often more smart than midwits when it comes to problem solving, as their jobs requires real solutions not just a mental exercise

[Anonymous No.50654146]

>>50648653
Assume he has 70 bucks in his pocket. He takes out 60 to buy the horse, and this leaves him with 10 bucks and a horse.

He sells the horse for 70 and pockets it. Now he has 80 dollars in his pockets. He buys back the horse for 80 dollars and now has zero dollars in his pockets but now has a horse.

He sells the horse and pockets the 90 dollars from the sale. He now has 90 dollars and once again no horse.

90-70=20

GG no re

[Anonymous No.50654201]

>>50648653
MONEY OUT 60 + 80 = 140
MONEY IN 70 + 90 = 160

Difference +20

[Anonymous No.50654208]

>>50653457
Damn it, you’re right

[Anonymous No.50654267]

>>50649019
good take

[Anonymous No.50654289]

>>50654201
He lost 10 dollars

[Anonymous No.50654337]

>>50652858
cope to try and justify your own shitty trading choices and suggest the market was wrong, not your IQ
>just hold forever bro
>don't want to miss out on gains, that 'opportunity cost' man

[Anonymous No.50654366]

>>50652687
fucking kek

[Anonymous No.50654445]

I buy 1 AVAX at 5, and then later I sell at 6. Then I buy again (1 AVAX) at 7, and sell later at 8.
>total trades: 4
>total buys: 2
>total sells: 2
>total profit: 2
>total loss: 0

So the answer to OP's would be:
>the man made $20 in profit total

[Anonymous No.50654475]

>>50648653
he lost money on the costs of upkeep, transportion, and wear and tear/age of the horse

[Anonymous No.50654504]

>>50648653

HE MADE $30 HE INITIALLY WASTED $60 AND AT THE END THIS GOD SOLD IT FOR $90

[Anonymous No.50654628]

>>50648653
$20
never reaches 1
50%

[Anonymous No.50655206]

>>50648653
1. Borrows $60 to buy horse
2. Repays debt by selling horse for $70, is left with $10
3. Borrows $80 to buy Horse for $80
4. Repays debt by selling horse for $90, is left with $20

[Anonymous No.50655396]

>>50653025
Exactly this. You don't assume the implicit costs. This is exactly why so many retards on biz suck at trading, they panic sell and fomo because they fear the implicit losses.

[Anonymous No.50655408]

>>50652966
Opportunity cost is not a negative to profit you absolute fucking mongoloid retard.

[Anonymous No.50655492]

>>50648675
I don't understand. How is sex with animals related to topic at hand?

[Anonymous No.50655493]

>>50648653
bros im stuck bagholding a horse

[Anonymous No.50655549]

>>50648673
r u gay 60 -> 0 -> 70 -> -10 -> 80 = +20 even if you do it your gay way

[Anonymous No.50655670]

>>50648673
The number of replies this got implies that this is the correct answer and someone is steamed that the thread had a chance of dying early. Luckily, /biz/ really is that stupid.

It's $20 profit, without accounting for any debt incurred to capitalize each purchase. This is why savings > debt, it was the difference between ~12% profit and just breaking even (or losing money, depending on the time/labor value of coordinating or delegating the coordination of the sales).

[Anonymous No.50656440]

>>50648653
-60
+70
-80
+90
160 - 140 = +20

[Anonymous No.50656484]

>>50648653
>destroyed biz
every non nig/pajeet got the answer right in the comments

[Horace !!+DKKnrpHVOf No.50657306]

>>50648653
who the fuck sells a horse for $70

[Anonymous No.50657315]

>>50648673
Margin

[Anonymous No.50657322]

>>50648673
he got it from shlomo at the bank at competitve 19% interest rate

[Anonymous No.50657335]

>>50652257
Congratulations you have figured out rudimentary debits and credits anon!

[Anonymous No.50657342]

>>50648653
Made 20 bucks.

[Anonymous No.50657346]

>>50652388
Yes sir you are adding the profits of TWO SEPARATE TRANSACTIONS YOU NIGGER APE RETARD

[Anonymous No.50657355]

>>50648653
No it's pretty simple- don't swing trade if you don't know what you're doing.

[Anonymous No.50657430]

>>50648653
he made $30
he started with 60 and sold for 90

[Anonymous No.50657454]

>>50657346
>>50657346
It could be some smart contract that takes out 140 and puts 160 back in, making nft horse move 4 times while still being a single transaction. We have no clue. The number of transactions dont matter, you baboon, only in and outs do, if we had 100 more transactions with 0 profit the answer would still be 20.
Explaining it in 2 different transactions is for retards that dont have the concept of in and out (a very afvanced concept in business)

[Anonymous No.50657466]

$1 after taxes that turns into 50 cents with inflation.

[Anonymous No.50657499]

>>50648653
$3.50 after taxes

[Anonymous No.50657521]

The average cost of a horse is $3000. His final sale was for $90. The man lost out on $2190 profit, on average.

A: He lost money.

[Anonymous No.50657860]

>>50652966
you are truly braindead, just beacuse you learned the word opportunity cost that doesn't give you the right to speak your retard opinions out into the world

[Anonymous No.50657875]

>>50650125
>>50648676
>>50650501
>>50650549
This thread is full of absolute fucking retards kek trying to sound smart on a South East Asian basket weaving forum because no one will give them the validation in real life because they're all just undesirables. Kek this is so sad to see

[Anonymous No.50657881]

>>50655493
maybe the real friends were the bags we held along the way

[Anonymous No.50657898]

The answer is: NONE.

He only had $70 so how did he buy a horse for $80? That is not possible, where did he get that additional $10 from to get from $70 to $80? Someone call the IRS on this guy,.

[Anonymous No.50657916]

Easy one. He made 13$ profit, next question

[Anonymous No.50657937]

>>50656484
>every non nig/pajeet got the answer right in the comments
and that answer is...

[Anonymous No.50658388]

>>50648653
If you started with $100, how much would you have in the end?

[Anonymous No.50658415]

>>50657898
Dude, are u serious? Simple math, just approach it like you had $100 in your pocket. You start w $100 and end with $120

[Anonymous No.50658705]

>>50658415
but i started with 1 horse worth $60 and finished with $90 in net assets.

[Anonymous No.50658810]

>>50648782
I came to this conclusion too.

[Anonymous No.50658874]

cash-horses
70-0
10-1
80-0
0-1
90-0

90-70=20

[Anonymous No.50658993]

He buys 100k horsecoin at 60 and sells at 70 with a with a $100 taker fee
He made it

[Anonymous No.50659066]

Anything but 10 means you don't understand printer go brrrrr

[Anonymous No.50660340]

>>50648653
he bought it for 60 and sold it for 90 therefore he made 30 profit
why is this so hard?

[Anonymous No.50660562]

>>50648653
>Begin with X money
>End with X money + $20
???

[Anonymous No.50660589]

>>50648858
all the pertinent information is given, dipshit

[Anonymous No.50661075]

>>50648653
Easy one, I haven't even read any other answers yet.

This guy doesn't have any money initially otherwise the question would have mentioned it. So when he buys the horse for $60, he's in debt. After he resells it, he has a surplus of $10.

The second time he buys it, again, he's in debt. But this time, he only owns $70 because he already had $10. After reselling it again, he's left with $10 again.

So he's spent $140 in total from money that doesn't belong to him, but only had $20 back. It's clear that he actually lost $120 so the correct answer is

-$120

[Anonymous No.50661131]

It's $20 anyone arguing differently is just trolling or arguing for the sake of it.

[Anonymous No.50661293]

>>50648653
>makes 10$ profit
>makes another 10$ profit

10 + 10 = 20 so 20$ profit yes?

[Anonymous No.50661686]

He made money with the horse but lost it all fucking the goat.

[Anonymous No.50661702]

90-60= $30 profit

[Anonymous No.50662319]

>>50658705
You may have ended with 90usd before putting back that extra 10usd you took between the 2 trades.
Also the question is avout profit, bot how much total you have at the end. The profit is simply in - out, 160 - 140
I hope youre just baiting, if not dont trade and only dca in indexes or buy and hold for a long time

[Anonymous No.50662982]

>work at pizzeria
>boss's daughter from NY has to move to this state to run from her problems
>bachelors degree
>becomes cashier in pizzeria
>has dispute with a delivery driver
>driver borrowed money from register to be paid back at end of shift (common practice, mostly to make change for large tips)
>used the borrowed money to pay for something
>cashier's brain broke because it was the exact money that was owed to the store, therefore in her mind it can't be used for anything except to pay the store back
The intention was there at least. She didn't want to get scammed. Absolute dinosaur way of thinking though. I had to intervene and she went home that day still believing that she got ripped off.
Then you get the idiots who think that just cause their drawer is already counted, making another transaction (because they counted before squaring up a driver for example) is some massive inconvenience as if they can't just adjust the value, cause counting is so hard and they made it this far

[Anonymous No.50662991]

>>50648653
It’s too vague and depends on interpretation, that’s why math with symbols and the numbers were invented.

[Anonymous No.50663012]

>>50662982
I'm reminded of this bitch every time I see one of these facebook math problems like
>guy steals $100 from store
>buys $70 worth of stuff from same store
>gets $30 in change
>how much did store lose
she's the type that would say $200, ignoring that the $100 went back into the register

[Anonymous No.50663178]

>>50648653
It's $10.
The $10 he made on the first transaction is offset by paying $10 more for the horse the second go round.
He makes $10 on the final transaction so that's his total profit
Whoever got $120 or $30 is genuinely rarted

[Anonymous No.50663198]

>>50648653
>simple maths problem
>riddle

the state of neo-/biz/

[Anonymous No.50663202]

>>50663178
>Sells horse for $70
>Sells horse for $90
He made $160. If you're not abusing unsecured creditors for free money you're ngmi.

[Anonymous No.50663228]

10$ few understand

[Anonymous No.50663240]

>>50663228
Thank you for not being a moron
>>50663202
You know I change my answer, this is the only true solution

[Anonymous No.50663247]

>>50662982
Just because a proletarian thinks stealing is a common practice among proletarians doesnt mean it is their right to do so.
If that was my pizzeria and you just “borrow” money your getting fired, i dont give a fuck about your shitty excuse.

[Anonymous No.50663261]

>>50663247
Yeah that's the owner's practice but I think he wants to sell the business so if you wanna take over and put an end to the borrowing money rule you could probably do that since it's important to you. Wish you the best, anon

[Anonymous No.50663289]

>>50663240
Hello there fellow triple digit iq frend

[Anonymous No.50663315]

Let’s say man has $100

He buys horse for $60. Now he has $40 and a horse. He sells horse for $70. Now he has $110. He buys horse for $80. Now he has $30 and horse. He sells horse for $90.

Now he has $120

[Anonymous No.50663326]

>>50650501
>Paying taxes
You're NEVER going to make it

[Anonymous No.50663342]

>>50648653
The simple answer is that it's not that simple.

[Anonymous No.50663659]

>>50663315
i knew biz was full of low iq people, this thread just confirmed it

[Anonymous No.50663725]

>>50648661
... days later. You fucking retards can't help yourself.

[Anonymous No.50663817]

>>50648653
Gross Profit = Revenue - Cost of Goods Sold
Gross Profit = (70+90) - (60+80)
Gross Profit = 160 - 140
Gross Profit = 20
Idiots.

[Anonymous No.50663862]

>>50662982
Maybe this is why the dumbest people on the planet are the ones that get most excited about NFTs. The fungibility of money is confusing and scary to them.

[Anonymous No.50664260]

The real question is how to resist selling at 70$

[Anonymous No.50664280]

>>50664260
He couldn't so he lost 10 dollars

[Anonymous No.50664498]

I simply refuse to believe anyone here can get an answer other than $20 profit. You're not that stupid you're just larping as idiots you cant fool me go fuck yourselves.

[Anonymous No.50664511]

>>50652687
kek

[Anonymous No.50664593]

>>50648653
It's not a fucking riddle, it's a math problem.

[Anonymous No.50664597]

>>50648676
He could have kept the horse and trained it to fuck him in the ass and sold the videos for thousands of dollars

[Anonymous No.50665291]

>>50664498
The answer is 20 but he could have made 30 so he actually lost 30, but the goat was worth 30 from his first buy in

[Anonymous No.50666444]

>>50663012
No matter if the store got back this 100, they lost 100. You could argue to substract the profit of the 70 item but thats an unknown variable and its a strech because you also imply the thief wouldnt have bought the item without the theft, which is also an unknown

[Anonymous No.50666493]

>>50664280
Do you have knowledge about why the price went up? Maybe the buyer trained him increasing its value? Maybe if he hadnt sold the horse wouldnt be priced higher.
Why do you assume variables in an unknown problem? Maybe youre trying to be smart