# Many people are unable to figure out the correct answer. Can you?

A man buys a horse for \$60. He sells it for \$70. He then buys the horse back for \$80. And he sells the horse for \$90.

In the end, how much money did the man make or lose? Or did he break even?

Answer To Buying And Selling A Horse Riddle

The short answer is the man profited \$20. The man makes \$10 each of the two times he sells the horse, for a profit of \$20.

The answer can be verified by accounting for what the man has in each transaction.

Step 1: buys a horse for \$60. The man is -\$60 of cash from his starting point.

Step 2: sells the horse for \$70. The man gets \$70, so he is a net -\$60 + \$70 = \$10 of cash.

Step 3: buys the horse for \$80. The man spends \$80, which means he is a net of \$10 – \$80 = -\$70 cash.

Step 4: sells the horse for \$90. The man gets \$90, which means he is a net of -\$70 + \$90 = \$20 cash.

In the end the man has \$20 more than he started with.

The post Many people are unable to figure out the correct answer. Can you? appeared first on Wake Up Your Mind.

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