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A man buys a horse for $60.
He sells the horse for $70.
He then buys the horse back for $80.
and He sells the horse again for $90.
In the end, how much money
did the man make or lose ?
Or did he break even ?
Let’s break down the transactions:
The man buys a horse for $60. He has -$60.
He sells the horse for $70. He has +$10.
He buys the horse back for $80. He has -$70.
He sells the horse again for $90. He has +$20.
So, in the end, the man made $20 from buying and selling the horse.