Can you solve this math puzzle?
You bought a cow for $800.
You sold it for $1,000.
You bought it again for $1,100.
You sold it again for $1,300.
What was your profit or loss from these activities?
Think you know the answer?
To see the answer to the math puzzle, click to expand the accordion below.
The answer is a $400 profit.
Let’s break down the transactions:
- Initial Purchase: You bought the cow for $800.
- First Sale: You sold it for $1,000.
- Profit: $1,000 – $800 = $200.
- Second Purchase: You bought it again for $1,100.
- Second Sale: You sold it for $1,300.
- Profit: $1,300 – $1,100 = $200.
Total Profit: $200 (first sale) + $200 (second sale) = $400.
So, your overall profit is $400.
Did you get it right?
Need a hint?
If you need a hint, click to expand the accordion below.
Instead of looking at each individual transaction, look at your total sales – your total costs.
