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Nairaland Forum / Nairaland / General / Investment / Answer This Question Correctly (253 Views)
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Answer This Question Correctly by NgHotGirls: 7:24am On Jun 25, 2021 |
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, 2021 |
No dey twist things, na $20. So far $50 was not stated to be the fixed cost of the cat. 1 Like |
Re: Answer This Question Correctly by psucc(m): 8:13am On Jun 25, 2021 |
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, 2021 |
Hahjascho: |
(1) (Reply)
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