Math Riddle: How Much Profit Does the Man make After Selling the Horse
Read the riddle carefully and leave your answers in the comment section
A man buys a nice horse for $600.
After a year the value of the horse has increased to $700 and he decides to sell the horse.
But after a few days he regrets his decision and buys it back.
Unfortunately he has to pay $800 to get it back so he loses $100.
After another year of owning the horse he finally decides to sell the horse for $900.
What is the overall profit the man makes?
The man makes an overall profit of $200.
Profit from 1st transaction = $100
Profit from 2nd transaction = $100
So overall profit will be = $ 200.