/sci/ - Science & Math

[Anonymous No.15265287]

>He buys a goat for $60, sells it for $70 = $10 profit.
>He then buys it back for $80 = -$10 credit as he only had $70 in his account at the time of purchase.
>He then sells it for $90 to make up for his loss = $0
How am I wrong here?

In total he makes nothing.

[Anonymous No.15265293]

>>15265287
step 1: -60$
step 2: +70$ -> 10$
step 3: -80$ -> -70$
step 4: +90$ -> 20$

Therefore 20 dollars is made

[Anonymous No.15265297]

>>15265287
>as he only had $70 in his account at the time of purchase
Source??

[Anonymous No.15265298]

>>15265287
Buys goat for $60
Sells goat for $70, giving $10 profit

Buys goat for $80
Sells goat for $90, giving $10 profit (for second time, $20 made in total)

[Anonymous No.15265300]

10 dollary doos

[Anonymous No.15265306]

>>15265293
>>15265298
He makes four transactions resulting in $10 profit for two of them. However, we're just assuming he has more money to cover the costs of his second purchase. Just going off the information we have in the image, it's more likely his second sale was to cover the loss of his second purchase.

[Anonymous No.15265318]

how much did he pay for the goat originally?

basically this >>15265293 minus whatever his original price for the goat/cost to raise it was

[Anonymous No.15265320]

So he begins with $60 in his bank account. Let's say this is his entire life savings so he has a net worth of $60. Then he buys the goat. He now has a net worth of $0. Then he sells the goat. He now has a net worth of $70. Then he buys the goat again. He now owes the bank $10, giving him a net worth of -$10. Then he sells the goat again. Now he can pay the bank back his loan of $10, and has a net worth of $80.
Therefore, compared to his original net worth of $60, he is now $20 richer. Answer your question?

[sage No.15265322]

>>15265293
The real takeaway of these threads is that the questions themselves are trivial, but a disingenuous third party can seed false answers to sew conflict and doubt

sage

[Anonymous No.15265330]

>>15265297
It's me. I confirm that that is true. The goat was retarded but at least now I'm $20 richer

[Anonymous No.15265351]

>>15265320
The math checks out. 60+10-80+90 = 80.
I feel retarded for interpreting it incorrectly, as if selling it for $90 would only cover the cost of his debt which makes no sense at all.

[bodhi No.15265356]

>>15265287
20

/thread

[Anonymous No.15265370]

>>15265306
>However, we're just assuming he has more money to cover the costs of his second purchase.
Let's calculate it like a checkbook.

Starts with $60
Buys at $60 - has $0
Sells for $70 - has $70
Buys back at $80 - in the hole for $10
Sells for $90 - has $80

Started with $60, ended with $80.

[Anonymous No.15265383]

the cubes velocity is determined by it's own reference frame. so B

[Anonymous No.15265398]

All wrong. He starts with 0 dollars, borrows 60 of them and buys the goat. He then sells it off for 70 but has to use the 10 dollar profit to pay off the interest on the loan. He does the same thing, borrows 80 dollars, buys the goat, then sells it off at 90 dollars and uses the profit to pay off the interest.

[Anonymous No.15265401]

What is this, an interview question for a pawnshop?

[Anonymous No.15265406]

>>15265398
The goat milk he sold covered the interest costs, the $20 was pure profit baby.

[Anonymous No.15265419]

>>15265287
https://www.youtube.com/watch?v=Huku6AG8O3c

[Anonymous No.15265429]

>>15265419
What a stupid video. We're talking about goats, not horses. Totally unrelated.

[Anonymous No.15265431]

>>15265287
>He buys a goat for $60
>He then sells it for $90
90-60=30
The rest of it is either retarded or bait.

[Anonymous No.15265433]

>>15265406
Ah yes, but Powell just raised interest rates and therefore the interest was higher than expected.

[Anonymous No.15265436]

>>15265433
That's why the man started offering to have his goat "mow" some local lawns for a nominal fee.

[Anonymous No.15265459]

>>15265287
according to "the esteemed facts of science" goats are herbivores
lets watch this video of goats eating and see how true "the science" really is
https://www.youtube.com/watch?v=K71ukr9r30E

[Anonymous No.15265500]

>>15265287
the guy started with $60 and ended up with $80 on his account.

[Anonymous No.15265592]

>>15265287
Si Atong nagsabong

[Anonymous No.15266431]

>>15265287
>-$10 credit as he only had $70
>He then sells it for $90 to make up for his loss
Could you do the following math for me real quick:
-10 + 90 = ?

[Anonymous No.15266451]

>>15265322
>but a disingenuous third party can seed false answers to sew conflict and doubt
You mean a troll trolling? Why do you think this facebook math question thread is serious business? Why are you so fucking autistic?

[Anonymous No.15266490]

>>15265431
You're not accounting for the $10 he either borrowed or took from his other reserves.

[Anonymous No.15266501]

>>15265298
Correct.

[Anonymous No.15266544]

>>15265287

-60 +70 -80 +90
=
+20

[Anonymous No.15266573]

>make up facts not in the problem
>fuck up basic things
>be an internet troll

[Anonymous No.15266584]

OP is refusing to do work
JUST DO IT
https://www.youtube.com/watch?v=ZXsQAXx_ao0

[Anonymous No.15267390]

>>15265287
He made $20 bud

[Anonymous No.15268155]

>>15265287
>he only had $70 in his account at the time of purchase.
so he started out with $60 in his account?

[Anonymous No.15268165]

>>15265287
Government will say he made 160 dollars which will be taxed

[Anonymous No.15269388]

>>15265287
>>15268165
this is the correct answer. its incredible how many people failed this literal management 101 question. the original question asked was "how much did he make" yet all the answers here are responding with his present worth which is 20

he made +70+90=160 revenue and -60-80=-140 in expenses. his present worth defined as PW=Revenue + Expense = 160-140=20

ans. he made $20 in profits and $160 in revenue. the question however was written terribly and would never be written in such a way on a test.

[Anonymous No.15269399]

>>15265287
He has 70 dollars after first transaction. He the. buys the goat for 80, owes 10 dollars, the sells it for 90, pays off his 10 dollar debt and now has 80 dollars debt free.
20 dollar profit

[Anonymous No.15269404]

>>15268165
I day trade a lot and if this was true I would be fucked lol.

[Anonymous No.15270291]

>>15265287
buys goat = -60
sells goat = +70
buys goat = -80
sells goat = +90

0 - 60 + 70 - 80 + 90 = 20
do it on your calculator

[Anonymous No.15270507]

>>15265287
he is in pound you in the ass federal prison because he failed to get a license to buy or sell goats, failed to pay taxes and license fees, and he owes his jewish lawyer $105,000.

[Anonymous No.15270820]

>>15265287
So a man has 60 and buys a goat worth 60 so now he has 120 and he sells a goat worth 70 so now he has 50 but he buys a goat worth 80 so now he has 130 but he then sells the goat worth 90 so he ends up with 20.

[Anonymous No.15270831]

>>15265287
So the man buys a goat worth 70 for 60 so he is -60 but he sells it for 70, making no profit and remaining at -60. But then he buys a goat worth 90 for 80, making him -140 and breaking even again making no profit. So hes spent 140 on goats and has no goats to show for it, but he marks the value of the goats as intangible assets on his balance sheet for a total of 90 plus 70, giving him a profit of 20.

[Anonymous No.15270837]

>>15265287
So a man has no initial capital so he borrows and shorts a goat worth 60, but the goats value goes up to 70 so he gets a margin call and has to close his position for a loss of 10. Je then does the same thing shorting the goat at 80 and makes another 10 dollar loss for a total of -20. However, all along he was shorting himself, so his 20 dollar loss actually is a 20 dollar profit.

[Anonymous No.15270853]

>>15265287
A central bank creates 60 dollars for itself, profitting 60 dollars. It then buys a goat worth 60 dollars with a goat backed currency note, and stores both the goat and the goat back currency note with itself for the vendor, giving it a profit of 120 dollars. The goats value rises to 70 dollars so the bank gains an extra 10 dollars profit for 130 dollars. The bank then sells the goatbacked currency note back to the vendor for 70 dollars for 200 dollars total profit and it then sells the goat back to the vendor for another 70, but stores the 70 dollar goat for the vendor, giving it a 340 dollar profit. The bank then prints 80 dollars to buy a goat with a goat backed currency note, giving an extra 80 dollars and a 80 dolar value goat, for 500 total dollar profit. The goats value rises to 90, and giving 10 dollar profit and it sells the new goat backed deposit note for 90 dolars for 600 dollar total profit. The bank then decouples the goats from the currency, yielding 90 plus 70 dollar profit, 760 in total. The bank then loans the 2 goats for 760 dollars, giving it 760 dollars plus two goats valued at 760 dolars for 1520 dollars total. There is a bankrun on goats but because the bank has no liquid capital of goats it declares bankruptcy and receives a 1520 dollar debt wipeoff from the government giving it an end profit of 3040 dollars and two goats that are soaring in price due to hyperinflation.

[Anonymous No.15270924]

>>15265287
for some reason I thought 10 at first
no idea why
I suppose I did not see the transactions as independent and I was thinking

>up 10 dollars
>pay 80 (which is 10 more than 70)
>down 10 dollars
>sell for 90 (10 more than 80)
>up 10 dollars

but if I see them as independent or literally count the tokens then I get 20
also if I imagine selling both goats at the same time instead of sequentially

[Anonymous No.15270963]

>>15265287
60-70+80-90 = -20.
or -60+70-80+90 = 20.

Depends on which side you are.

[Anonymous No.15270968]

>>15265298
70+90-(60+80)

[Anonymous No.15270970]

If he would have goat for a week or so, he'll also have cutten grass and milk for more than $10 wroth.

[Anonymous No.15270977]

>>15265287
-60
+70
-80
+90
-----------
+20

[Anonymous No.15271891]

>>15265287
lost 10 bucks for being a little bitch and selling early

[Anonymous No.15271949]

>>15265287

[Anonymous No.15272311]

>>15271949
Might wanna double-check your math there

[Anonymous No.15272609]

He made $30 though

[Anonymous No.15272616]

>>15265431
Correct, now just replace 'goat' with 'shitcoins' and suddenly all the other brianlets here would understand too

[Anonymous No.15272648]

>>15265431
>>15272616
>>15272609
So you'd say if he sold it the second time for $60, he'd break even? That is, buy for $60, sell for $70, buy for $80, sell for $60, end with no gains or losses? Because 60-60=0? I've got a goat to sell you...

[Anonymous No.15272665]

>>15271949
Add the green numbers, then subtract the red numbers.

[Anonymous No.15272668]

>>15272648
>I've got a goat to sell you...
How much?

[Anonymous No.15272674]

>>15272668
$80. I'll buy it back from you for $60 though, so you'll break even.

[Anonymous No.15272720]

What the fuck does it say about the average IQ in /sci/ that there's actually a thread about this?

[Anonymous No.15272856]

If the man goes into debt it's $20
If he doesn't go into debt it's $30

The answer depends on how you interpret the question.

[Anonymous No.15272872]

>>15272720
Yeah, it's not a great look. Can people stop posting in this retard tier thread so that it dies?

[Anonymous No.15272883]

>>15272872
Pardon us for having a little fun.

[Anonymous No.15273051]

>>15265287
Who cares, he no longer has a goat :-(

[Anonymous No.15273057]

>>15265287
-60+70-80+90=20
what the fuck is so hard about it

[Anonymous No.15273059]

>>15265287
inestimable loss because he has no goat

[Anonymous No.15273123]

Adult goats wholesale from about 250-700$ so he lost a fair amount of money

[Anonymous No.15273140]

>>15270507
Are you seriously going to forget about the tip for the lawyer?! Also don't forget that 105k is due in a month, if he can't afford it all of his property, goats, and wages will be garnished into perpetuity until the debt (plus interest) is settled. He can work in the federal for profit penitentiary making 34¢ an hour to pay off his debt.

>>15272311
>>15272665
Apparently many visitors here on the math and science board are incapable of second grade mathematics without their abacus given they run out of fingers halfway there.

>>15265287
This guy is a retard, should've bought two goats, one male, one female, and bred them to make more goats and goat milk. That's the only way to run a profit due to regulations, interest rates, and all taxes combined. Also, once word get around, internet socialists will whine about how the big goat industry (and this guy as a participant in that evil institution) is avoiding paying his fair share of taxes on the 160 dollars in revenue he received and due to the volume of death threats he receives there will be an added security cost to running the business.

[Anonymous No.15273268]

>>15265293
/thread

[Anonymous No.15273278]

>>15272648
>buy for $80,
>sell for $60
obviously that last step would NEVER happen, dipshit, so no, it could only have gone a different way. When a value judgement is this clear and immediate in economics, we just assume it goes that way 99% of the time, because ~99% aren't as retarded as you

[Anonymous No.15273305]

>>15273123
The fact that he was able to obtain for less than that implies that it was in a state that lowered its price. Maybe missing 2 legs or something. Being able to turn a profit even in such a situation shows that the man in question is quite capable.

[Anonymous No.15273977]

>>15273278
>Autist too retarded for hypotheticals predictably has nothing of value to say on the topic of economics

[Anonymous No.15273985]

>>15265287
Only if he ONLY has the one goat and no more money beyond the original 60 bucks. If you see it as two different transactions, he made 20 bucks overall.

[Anonymous No.15273999]

>>15265287
this is grade school algebra in my country. I'm not even going to bother to read this thread, but anyone getting this wrong is literally mentally impaired, and that includes OP.

[Anonymous No.15274009]

>>15273278
Consider the following scenario: a goat salesman has travelled out of state to conduct his business, taking $100 with him. He has, thus far, bought a goat for $60 and sold it for $70, and bought a goat for $80. Suddenly, he receives a call from home: his wife has had an accident and is in the hospital and requires his presence immediately. However, goats are not allowed on the plane, and besides, a last-minute plane ticket costs exactly $100, which he currently does not have. So our intrepid goat salesman has no choice but to sell the goat, and to do so as soon as possible, he should sell it at the lowest possible price, whilst still breaking even.

What price is that? If you answer $60, congratulations, you just stranded our poor goat salesman in the middle of nowhere with no hope of getting to the hospital any time soon, you innumerate prick.

[Anonymous No.15274014]

>>15273278
Wow it's almost like there's a glaring flaw in the maths being proposed by those three people

[Anonymous No.15274017]

0

He didn't make anything at the end.

>T.accountant

[Anonymous No.15274026]

>>15274017
why? you took all his profits or what happened here, shart?

[Anonymous No.15274045]

>>15274026
Buy 60
Sell 70
Profit of 10
Buy 80
Loses profit 10
Sell 90
Profit 10

Sorry, i was wrong before, but that it's

[Anonymous No.15274083]

>>15265287
If you buy something for $X and sell it at $(X+10), you made $10. If you do it twice, you make $20.

[Anonymous No.15274096]

Threads like these are a delicate ecosystem of people who like to feel smarter than others and people who like to play dumb

[Anonymous No.15274399]

The middle steps do not matter, he bought a goat for $60 and sold it for $90 ultimately.

[Anonymous No.15274407]

>>15274399
Is the vaccine safe? Is global warming real?

[Anonymous No.15274411]

>>15274399
See >>15272648

[Anonymous No.15274416]

>>15265287
let x1=x be the initial amount of money the man has
he spends 60 to buy
x-60
earns 70 by selling
x-60+70
and then buys at 80 and resells at 90
x-60+70-80+90 = x+20
call this value x2
the profit is |x1-x2| = 20

[Anonymous No.15274420]

>>15274083
>If you buy something for $X and sell it at $(X+10), you made $10. If you do it twice, you make $20.
the only non-retarded post ITT. what is even the point of /sci/ anymore?

[Anonymous No.15274448]

Interview question for working at a pawn shop?

[Anonymous No.15274641]

>>15273278
>dipshit
>retarded
Myself and some other anons were just having some fun, I find it hard to believe anyone would get this upset over a silly question. Go get some fresh air, anon.

[Anonymous No.15275025]

>>15265287
Is the second sale marginal or conditional?

[Anonymous No.15275082]

It's a trick question, he can't buy the goddamn goat for $80 cause he only has $10.

[Anonymous No.15275182]

>>15274045
wrong again. good thing that your job will be taken over by AI soon, seeing how braindead you motherfuckers are anyway. try not to land in prison for fraud till then.

[Anonymous No.15275224]

>>15275082
>he only has 10
he bought the goat initially with 60 without a problem. what type of autism are you operating on?

[Anonymous No.15275296]

Ah... it's that type of thread again