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Answer This Question Correctly - Investment - Nairaland

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Answer This Question Correctly by NgHotGirls: 7:24am On Jun 25
Answer this question correctly or you should stop trading and start hodling.

A man bought a cat for $50

He sold it for $60

He then bought the same cat for $70

Then resold it for $80

How much did he make?
Re: Answer This Question Correctly by Hahjascho(m): 7:27am On Jun 25
No dey twist things, na $20.

So far $50 was not stated to be the fixed cost of the cat.

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Re: Answer This Question Correctly by psucc(m): 8:13am On Jun 25
He made no gain.

The first gain of same $10 he made from the previous transaction was not enough for the second transmission, hence he added a $10 (probably borrowed) to the sales price of $60. He only recoupe his cost of investment.
Re: Answer This Question Correctly by NgHotGirls: 9:25am On Jun 26
Hahjascho:
No dey twist things, na $20.

So far $50 was not stated to be the fixed cost of the cat.
undecided

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