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20 July, 06:51

1. A classic problem. Anna bought a horse for $50 and sold it

for $60. She then bought the horse back for $70 and sold it

again for $80. What do you think was the financial outcome

of these transactions? The woman ...

() Lost $10

() Earned $20

() Lost $20

() Came out even

() Earned $10

() Other (Describe.)

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Answers (1)
  1. 20 July, 08:02
    0
    For this case we have the following situation:

    Initial capital: $50

    Sale for $60: Then he made a profit of $10. ($60 - $50 = $10)

    Initial capital 2: $60 + $10 (Invest additional $10)

    Sale for $ 80: Then he made a profit of $ 10. ($80 - $70 = $10)

    Thus, it can be seen that during the transactions he obtained a profit of $10 + $10 = $20

    Answer:

    Option B

    Earned $20
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