3 years ago in Profit & Loss

A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the horse. But after a few days later he regrets his decision to sell the beautiful horse, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After another year of owing the horse, he finally decides to sell the horse for $90. What is the overall profit the man makes?

[A] $25
[B] $30
[C] $20
[D] $0
[E] $10
Next Question

Overall Stats

Attempted 14
Correct 3
Incorrect 0
Viewed 11


Vishal Sharma
Vishal Sharma - 1 week ago

Vishal Sharma is saying $20 is correct answer

Sayed badruzama
Sayed badruzama - 3 years ago

Sayed badruzama from Mumbai, India is saying $20 is correct answer

Nazia Sayed
Nazia Sayed - 3 years ago

Nazia Sayed from Mumbai, India is saying $20 is correct answer

Related Questions

If selling price of 16 items is same as the cost price of 20 items, then there is a

  • [A] loss of 20% 
  • [B] loss of 25%
  • [C] gain of 20%
  • [D] gain of 25%
  • [E] None of these