Logical Riddle: How Much Profit Did The Man Make in Bitcoins?
Bitcoins are showing outstanding growth over the past few weeks. So I thought why not create a riddle around it.
A young man decides to invest in bitcoin.
He pays $15000 for it.
After a day, the value of the bitcoin has increased to $16000 and so he decides to sell it.
But the next day he regrets his decision and he buys it again.
Unfortunately, he has to pay $17000 to get it back, so he loses $1000.
The very next day, he sells the bitcoin for $18000.
Did he make any overall profit? If yes, How much?
So were you able to solve the riddle? Leave your answers in the comment section below.
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Answer: The man makes an overall profit of $2000.
Profit from 1st transaction = $1000 (16000=15000)
Profit from 2nd transaction = $1000 (18000-17000)
So overall profit will be = $ 2000.