BringBackFergy Posted July 11 Posted July 11 A guy buys a cow for $60, then sells it for $70. He buys it back again for $80, then sells it again for $90. How much money did he make? Quote
BringBackFergy Posted July 11 Author Posted July 11 50 minutes ago, Augie said: I don’t suppose “he made hamburgers” is an option? What’s his “income” or “profit”? Quote
ExiledInIllinois Posted July 11 Posted July 11 4 hours ago, Mike in Horseheads said: $10 Made $10 on $70 sale, broke even @ $80 buy back, made $10 on $90 sale. 1 Quote
ExiledInIllinois Posted July 11 Posted July 11 1 hour ago, Special K said: Twenty bucks. Yeah, as 2 separate sales. BUT I can see how he made only $10. He had to throw in $10 more of his own money to make meet the $80 sale... Wiping out his $10 profit previously. In the end he's really only $10 richer.... No?? Quote
BringBackFergy Posted July 11 Author Posted July 11 (edited) So is it $10 or $20? Edited July 11 by BringBackFergy Quote
ExiledInIllinois Posted July 11 Posted July 11 1 minute ago, BringBackFergy said: Do is it $10 or $20? Not sure. They say it's $20... He kicks in $140 on $160 sales... BUT the dude has to kick in $10 more of his own to make $80 sale... He really spent $150 & made $160. Damn it Jim! I am just lock & dam operator... Mike's the damn accountant & he says $10 too! 😉 Next thing you'll want me to do is watch river gauges for campers in TexASS.😜 Quote
BringBackFergy Posted July 11 Author Posted July 11 A boy was at a carnival and went to a booth where a man said to the boy, "If I write your exact weight on this piece of paper then you have to give me $50, but if I cannot, I will pay you $50." The boy looked around and saw no scale so he agreed, thinking no matter what the carny writes he'll just say he weighs more or less. In the end, the boy ended up paying the man $50. How did the man win the bet? Quote
yall Posted July 11 Posted July 11 15 minutes ago, BringBackFergy said: A boy was at a carnival and went to a booth where a man said to the boy, "If I write your exact weight on this piece of paper then you have to give me $50, but if I cannot, I will pay you $50." The boy looked around and saw no scale so he agreed, thinking no matter what the carny writes he'll just say he weighs more or less. In the end, the boy ended up paying the man $50. How did the man win the bet? He wrote "your exact weight" on the paper. 4 Quote
Bray Wyatt Posted July 11 Posted July 11 $20 spent 60 sold 70 is +10 Spent 80, is now 80 - 10 = 70 Sold for 90 is 90-70 = +20 or shorter form: spent 140 (80+60) sold 160 (90+70) 160-140 = 20 1 Quote
Gregg Posted July 11 Posted July 11 Here's one. People build something but they don't want it. Another person buys it, but they don't use it. Another person uses it, but they don't know it. What is it? Quote
BringBackFergy Posted July 11 Author Posted July 11 14 minutes ago, Gregg said: Here's one. People build something but they don't want it. Another person buys it, but they don't use it. Another person uses it, but they don't know it. What is it? A coffin? 1 1 Quote
BringBackFergy Posted July 11 Author Posted July 11 Mike and Pat are in a desert. They both have packs on. Pat is dead. Mike, who is alive, has his pack open. Pat has his pack closed. What is in the packs? Quote
4merper4mer Posted July 11 Posted July 11 13 hours ago, BringBackFergy said: A guy buys a cow for $60, then sells it for $70. He buys it back again for $80, then sells it again for $90. How much money did he make? Not enough information. He spent a total of $140 on purchasing the cow and collected a total of $160 so they are trying to trick you into saying $20 but how long did he own the cow? It doesn’t say. He had to feed it, take it to the vet, buy a shovel to clean the poop, etc. He also may have sold a bunch of milk or maybe people paid him to take pictures with the cow. That’s before we get into permits, fees, taxes, pro-rated barn space, and opportunity cost because the same money could have been used to by chickens. Also he may have had to buy insurance on the cow in case someone mutilated it in an effort to convince morons that aliens actually exist. This whole thing is a big trick. Don’t fall for it. 2 1 Quote
Special K Posted July 11 Posted July 11 7 hours ago, ExiledInIllinois said: Not sure. They say it's $20... He kicks in $140 on $160 sales... BUT the dude has to kick in $10 more of his own to make $80 sale... He really spent $150 & made $160. Damn it Jim! I am just lock & dam operator... Mike's the damn accountant & he says $10 too! 😉 Next thing you'll want me to do is watch river gauges for campers in TexASS.😜 You are getting hung up on the fact that its the same cow being purchased...... If you bought a cow for 60 and sold it for 70, then bought a different cow for 80 and sold it for 90, the profit would be 20 bucks....therefore why would it be different if it was the same cow?? You are getting the full purchase price plus an additional ten dollars back on the second sale....10+10=20. Quote
ExiledInIllinois Posted July 11 Posted July 11 4 hours ago, Special K said: You are getting hung up on the fact that its the same cow being purchased...... If you bought a cow for 60 and sold it for 70, then bought a different cow for 80 and sold it for 90, the profit would be 20 bucks....therefore why would it be different if it was the same cow?? You are getting the full purchase price plus an additional ten dollars back on the second sale....10+10=20. Yeah....BUT it's one business entity, right? Where's the extra $10 coming from, the same company books I assume? $60 made $10, re-bought for $80... What coffers is that extra $10 coming from? 6 hours ago, 4merper4mer said: Not enough information. He spent a total of $140 on purchasing the cow and collected a total of $160 so they are trying to trick you into saying $20 but how long did he own the cow? It doesn’t say. He had to feed it, take it to the vet, buy a shovel to clean the poop, etc. He also may have sold a bunch of milk or maybe people paid him to take pictures with the cow. That’s before we get into permits, fees, taxes, pro-rated barn space, and opportunity cost because the same money could have been used to by chickens. Also he may have had to buy insurance on the cow in case someone mutilated it in an effort to convince morons that aliens actually exist. This whole thing is a big trick. Don’t fall for it. He actually spent $150 of his own money. See above. Quote
ExiledInIllinois Posted July 11 Posted July 11 @BringBackFergy Look at the crap you started! 😆 cc: @Mike in Horseheads 1 1 Quote
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