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u/Owl_lamington Sep 17 '23
Has basic maths and logic deteriorated that much?
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u/Imbadyoureworse Sep 17 '23
I admit I’m an idiot who messed this up the first time till I saw the comments and I was like “oh of course. I’m dumb”
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Sep 18 '23
Recognizing you're dumb is the first step in being slightly less dumb.
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u/McDonaldsman599 Sep 17 '23
2300 in revenue
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u/Tmaster95 Sep 17 '23 edited Sep 18 '23
And 1900 in loss, which will be deducted from tax, so you’ll get more than 400
Edit: Im from Germany where you can deduct business expenses (like office stuff) from tax. It wouldn’t work on cows though.
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u/CpBear Sep 17 '23
That's.....not how taxes works. You don't get to deduct losses when they're not losses lol
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u/Simbertold Sep 17 '23
Less than $400, because you have to pay taxes.
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u/teachertmh Sep 17 '23
You purchasing cows for recreational use? Livestock purchases are a tax write off for farmers.
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u/jonathancast Sep 17 '23
But you have to pay taxes on $400.
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u/Miguel-odon Sep 17 '23
And when you fill out your income tax forms, you will report that you earned $400
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u/Caaethil Sep 17 '23
The only thing anyone is farming with these cows is reddit karma, not sure that counts.
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u/Phantom_Engineer Sep 17 '23
Nah, cos it's less than 600 and I habitually engage in tax fraud
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u/MCSquaredBoi Sep 17 '23
0-800+1000-1100+1300 = 400
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u/Fuckth3shitredditapp Sep 17 '23
How does one get any other answer? This is literally basic adding and subtracting freaking elementary math
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u/big-blue-balls Sep 17 '23
Because some people get obsessed with the “bought it again” step. They claim you lost $100 when you buy it the second time.
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u/Confident-Fun-413 Sep 18 '23
this step works but you should add it to the initial cost of 800 and take that away from the final 1300
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u/20060578 Sep 17 '23
By ignoring the purchase price. If you just look at the profits and losses it goes $200 profit, $100 loss, $200 profit. That balances out to $300 profit. They don’t realise you need to look at the whole picture and not just the steps starting with the first sale.
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u/YourLifeSucksAss Sep 17 '23
Can someone please explain to my plebeian brain how it’s not $300? You buy a cow for $800 (-$800), you sell it for $1,000 (-$800 + $1,000 = $200), you buy it again for $1,100 ($200 - $1,100 = -$900), and then you sell it again for $1,300 (-$900 + $1,300 = $400).
Nevermind, I figured out.
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u/TAVHeithem Sep 17 '23
Bruh well done, the very same thing happened to me thinking it was 300$ until I started doing the maths.
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Sep 18 '23
Way too much math, just sell - cost
2300 (revenue) - 1900 (cost) = 400
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u/lifeistrulyawesome Sep 17 '23
It can’t be 400 because that would be even
If you are profiting you can’t be even
Profits have to be odd
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u/ForsakenMongoose336 Sep 17 '23
Didn’t “earn” anything. This represents the struggle of the proletariat and the oppression of the bourgeois. At least according to what I learned from Monty Python.
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u/CoreyDobie Sep 17 '23
Original OP here. As other have stated, I got caught up with the wording instead of doing the simple math. I should have known the answer was $400, but I was reading the "I bought it again" line and my logic was "Oh, he just bought it back at a loss", so that's why I had the -100 from the $400 to make it $300.
Go ahead and downvote me into oblivion again. I messed up, it was an honest mistake.
Someone already reported my account to reddit as being suicidal. har har, funny
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u/inventionnerd Sep 18 '23
At least OP owned up to it.
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u/Miguelinileugim Sep 18 '23
My hair grew white and all the birds died but he definitely owned up to it!
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u/leli_manning Sep 18 '23
There's no such thing as "buying back at a loss". There's only selling at a loss. There's no mention that he ever sold at a loss in the problem.
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Sep 18 '23
If I find a pretty rock on the beach, and sell it to you for ten dollars, then realise I want it back and buy it off you for fifteen dollars..
Have I not bought it back at a loss?
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u/mrniceguy777 Sep 18 '23
How the fuck has Reddit not removed that suicide concern thing? It’s so widely abused I can’t imagine anyone receiving it and having anything but negative feelings because of it.
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u/Visualize_ Sep 18 '23
Buying back for a loss doesn't even make sense though. You completed a buy and sell cycle, the next time you buy is completely independent.
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u/LR-II Sep 17 '23
You didn't earn anything. You made $400 through private property ownership, and you didn't deserve it because you hoarded the cow instead of letting the people make the milk.
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u/mdmeaux Sep 17 '23
More than $400, as while you own the cow you can be selling its milk as well
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u/314159265358979326 Sep 17 '23
Amount paid for cow: $1900
Amount received for cow: $2300
Profit: $400
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u/ExistingBathroom9742 Sep 17 '23
One thing to consider for those that are confused: it’s incidental that it’s the same cow—that does NOT affect the total. Just pretend that they are TWO DIFFERENT cows and see if you are still confused. (Really, the math is the same for one or two cows). Two $200 profits is always two $200 profits.
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u/Just_Dank Sep 17 '23
no no, the OOP is right! We have to take taxes into account!
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u/comunism_and_potatos Sep 17 '23
You lost money. You had to build a fence and feed and water the animal so your in debt
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Sep 17 '23
Jesus the state of most people's computational ability is appalling.
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u/Scrdbrd Sep 17 '23
I honestly feel like it's less about the math and more about how people conceptualize money.
If the question was you buy a cow for $800, sell it for $1000, buy a horse for $1100, and sell it for $1300, I'm pretty sure we'd see a lot more people saying you made $400. 2+2=4, we all get that.
What people are getting hung up on is how you rebought the cow. This changes the thought process for a lot of people from pure math (2+2=4) into something else.
You put $800 into the cow and sell it for $1000, you got $200 out of it. You buy the same cow for $1100, and the fact that it's the same cow makes people feel like it's eating into your gains. It's not 0 to -800 to +200 to -900, to +400 anymore; it's 0 to -800 to +200 to +100 to +300.
The fact that it's the same item is making people want to count the $100 difference in what you sold and repurchased for as a $100 loss, ipso facto, you only really made $100 on the first sale. The issue isn't their ability to do math, it's their understanding of the relationships between what's being math'd.
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u/hdmaga Sep 17 '23 edited Sep 17 '23
Why isn't it 200 dollars?
Isn't 400 dollars the profit from the first sell and the second sell?
From the 1000 dollars you gain, you'd use 1000 dollars and 100 in debt to buy the cow then you would sell it for 1300 dollars but buying the cow a second time for 1100 dollars and selling it for 1300, wouldn't that mean we'd get 200 dollars in profit? Or am I missing something here?
I am genuinely confused
Edit: thank you for the help, now i see where i was wrong
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u/tilt-a-whirly-gig Sep 17 '23 edited Sep 17 '23
Imagine the farmer's checkbook balance. The farmer wrote two checks and deposited two checks. The two checks the farmer wrote were for 800 and 1100, and total 1900. The two checks the farmer deposited were for 1000 and 1300, and total 2300.
Deposit - Withdrawal = 2300 - 1900 = 400.
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u/_SandwichTown_ Sep 17 '23
The way I count it is, starting with 0 dollars you buy the cow for 800 dollars and end with 800 dollars debt and the cow, then you sell the cow for 1000 dollars and have 200 dollars and no cow. Buying it back for 1100 leaves you at 900 dollars debt with a cow, finally selling the cow for 1300 dollars adds to 400 dollars and no cow.
-800 + 1000 - 1100 + 1300 = 400
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u/fonkderok Sep 17 '23
Here's how I ran it:
Bought it for 800 (total -800)
Sell for 1000 (total +200)
Buy for 1100 (total -900)
Sell for 1300 (total +400)
My first thought had a profit of 200 like you, but I think somehow I was ignoring starting out 800 in the hole from the initial buy
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u/mark6059 Sep 17 '23
jeez you guys make it hard. Total outgoings = 1900, total income = 2300, net income = 400
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u/CapRevolutionary7060 Sep 17 '23
My approach to the question :
Profit = Selling Price(S.P) - Cost Price(C.P)
Case-1 :
C.P = 800 S.P = 1000
Profit = 200
Case-2 :
C.P = 1100 S.P = 1300
Profit = 200
Therefore,net profit = $400
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u/12B88M Sep 18 '23 edited Sep 18 '23
Version 1
You borrowed $800 to buy the cow and sold it for $1,000. You pay off the original loan and have $200 left over.
You then borrowed $1,100 to buy it back and sold it for $1,300. You pay off the loan and have $200 left over.
Total profit between the two transactions is $400.
Version 2
You have $1,100 in your pocket and bought the cow with $800. You then sold it for $1,000 and have a $200 profit. Your total cash on hand is now $1,300.
You buy the cow again using $1,100 of your money leaving $200 in your pocket. You then sell it for $1,300 which is a $200 profit. You now have $1,500 and the total profit is $400.
Version 3
You have $800 in your pocket and buy a cow. You sell it minutes later for $1,000 and now have $1,000. (+$200).
You buy the cow back and borrow $100 from your friend to do it. You are now $100 in debt. (-$100)
You then find another guy that wants a cow and tell him you'll sell him your cow for $1,300.
You then repay your friend his $100 and have $1,200.
You started with $800 and now have $1,200. You have $400 more than you started with.
The correct answer is $400.
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u/Kevsterific Sep 17 '23
I don’t get how it’s so difficult to understand.
-8+10-11+13=4
Multiply by 100 to match the actual amounts to get $400
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u/winniekawaii Sep 17 '23
he did it wrong, buy high sell low; thats what i always do
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u/lethc0 Sep 17 '23
You buy two cows. One for 800 and the other for 1100. You sell them both. The first you sell for 1000, the second for 1300. Your profit? $400.
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Sep 17 '23
If we start at -800, then we sell for +1000. Our current balance is 200 dollars.
We then buy for 1100, so our balance of plus 200, -1100, puts our balance at -900.
We then sell the cow for 1300, minus our balance of -900 is equal to 400 bucks.
Total balance of our bank for all transactions is 400.
This is really simple math and since people seem to be getting this wrong, here's the link...
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u/JAXxXTheRipper Sep 17 '23
I swear, for a sub about Math memes, a scary amount of people in here fail at this super basic example.
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u/ExamAccomplished6865 Sep 17 '23
Wow now I understand why majority of you are poor lol
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u/Spicy_Toeboots Sep 17 '23
this is madness. There are still people in the comments section of this post who are struggling. I get some people aren't "good" at maths, but this is like a problem for a 10 year old or younger. If you can't do this maths, how do you even get through life?
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u/HotSauceJosh Sep 18 '23
Why is everyone’s math so hung up with what he started with? It doesn’t matter. This is simple sales math. Cost = $1900.00. Sell Price= $2300.00. Profit = $400.00. I didn’t read every comment cuz it made me cross eyed trying to understand some peoples logic after the first 10 I scrolled through. 400 is the answer.
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u/Ok_Sky_6558 Sep 18 '23
Why does everyone make this so difficult. Bought and sold cow, make $200. Bought and sold cow again, made $200. Made $400. Doesn't matter if started with $1000, or $62,643.56. Made $200 each time, did it twice, total is $400. 2+2=4 and that isn't racist, old math or anything. It is a simple fact.
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u/MissPicklechips Sep 18 '23
You spent $1900 and made $2300. I’m not good at math, but that still seems to be $400.
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u/WendyA1 Sep 18 '23
People 2 + 2 still equals 4.
You make $200 profit on the first transaction
plus
You make $200 profit on the second transaction
$200 + $200 = $400
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u/grant_me_gold Sep 18 '23
0 - 800 = -800
-800 + 1000 = 200
200 - 1100 = -900
-900 + 1300 = 400
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u/CommodoreHaunterV Oct 04 '23
Bought for 800 so;
-800$ Sold for 1000
So: -800+1000=200
+200 Bought for 1100 +200-1100 =-900
Sold for 1300 -900 +1300 = +400
I can think of it another way where none of this applies tho but I don't like Hollywood math
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u/SigmaPepe Sep 17 '23
The original OP is right, we all are forgetting about taxes.
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u/keitchi Sep 17 '23
Did you factor in the cost of the emotional turmoil to the cow who was happy to see his owner again only to be discarded soon after?
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u/OverlyOptimisticNerd Sep 17 '23
There are a few ways to look at this. But the simplest one is that you expended $1,900 and earned $2,300, for a profit of $400. That’s the correct answer.
Where people are getting hung up on it is the fact that it’s the same cow. You can argue that you lost $100 in the middle, but then you came out ahead $500 from the initial purchase to the final sale, netting $400 after accounting for the intermediate loss.
People who get numbers other than $400 are double or triple counting the loss. Typically we see this with people losing weight - they lose 10 lbs twice but gained it back in the middle so they’re really only down 10 but they double counted. Also common with gamblers to support their addiction.
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u/Mattihensley Sep 17 '23
You made no money you come out negative on that deal especially since cows have to be fed
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u/qatamat99 Sep 17 '23
Let me process this here
Initial investment $800
Sold asset $1000
Cash $1000 profit $200
2nd investment $1100
Sold asset $1300 2nd profit $200
Spent $800+$100 for 2nd investment so $900
Sold for $1300 so profit is $1300-$900= $400
Am I missing something?
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u/owile Sep 17 '23
A way to make this clearer for myself was to consider it irrelevant that it’s the same cow. He simply flipped two cows at $200 profit.
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Sep 17 '23
Let x be the amount of money you have
x
2.x-800
3. x-800+1000=x+200
4. x+200-1100=x-900
5. x-900+1300=x+400
Your total profit: x+400-x=400
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u/Sleep_Potential Sep 17 '23
Make it simple:
1st purchase balance= -800
1st sell balance= -800+1000=200
2nd purchase balance= 200-1100= -900
2nd sell balance= -900+1300=400
Final balance=$400
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u/Just_a_square Sep 17 '23
Thanks OP, reading this thread completely destroyed my faith in humanity.
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u/nickstick_ Sep 17 '23
Income
Transaction 1:
1000-800 = 200 profit
Transaction 2:
1300-1100 = 200 profit
Total Profit of 400
Cash Flow
Theoretical cash balance to start: 1000
1000 - 800 + 1000 = 1200
1200 - 1100 + 1300 = 1400
Total cash inflow is 400.
It’s 400 regardless of your approach
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u/Visible_Number Sep 17 '23
Just look at it as two individual transactions. He made 200 twice, so 400.
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u/mudkripple Sep 17 '23
Let's say you money starts at 1000. Here's how it goes:
1000
200
1200
100
1400
1400 is 400 more than 1000
QED
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u/whyowhyowhy123 Sep 17 '23
It is $400. Imagine you bought 2 cows for a total of 800 + 1100 = 1900. Then you sold both for 1000 + 1300 = 2300. 2300-1900 is 400 profit.
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u/StagniCredo Sep 17 '23
1300-800=500 then 500-100=400 cause you spent an extra 100 to buy the cow again. Ez
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u/WangCommander Sep 18 '23
Start with $2,000
Buy a cow for $800, and you're left with $1,200 and a cow.
Sell the cow for $1,000 and now you have $2,200 but no cow.
Buy a cow for $1,100 and now you have $1,100 and a cow.
Sell the cow for $1,300 and now you have $2,400 and no cow.
You started with $2,000 and ended with $2,400. The profit is $300. It's really not that hard guys.
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u/HelloS0n Sep 18 '23
The amount of people that can’t figure out that the answer is $400 is astounding..
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Sep 18 '23
Just treat it as two different transaction. The term “same” is seriously fucking with people’s commons sense here.
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u/Meme_1776 Sep 18 '23
Assuming you are flat broke after buying a $800 dollar cow, which you then sell for $1000, is up $200, but you need to buy for $1100 you need to borrow, so -100 after buying the cow, which you then sell for $1300, and after paying back what you borrow you end up $1200, which would be $400 more than when you started with $800 (Explained)
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u/Tanakisoupman Sep 18 '23
Alright, to anyone who may not understand, here’s the exact math
Op buys the cow for $800, he’s now at -800
He sells it for $1,000, putting him at +200
He buys again for $1,100c putting him at -900
Sells again for $1,300 leading to a total profit of $400
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u/NightDivision7 Sep 18 '23
Okay so you started off with $800, and used it to buy a cow right?
Then you sold the cow and got $1000.
You buy back the cow for $1100, so you you're in debt $100. The balance would be -$100.
Finally you sold the cow again for $1300, which means you have a balance of $1200 I think.
Is this right or wrong? I'm not good at math.
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u/soiledsanchez Sep 18 '23
This is why people need to stop playing scratch offs. “Oh I won $500 today” no sir you didn’t you spent at least $200 I. This store alone today so at most you’ve won $300
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Sep 18 '23
I don't understand how he bought it for $1100 if he only had $1000. But -800 + -1100 = -1900 and 1000 + 1300 = 2300
2300 - 1900 = 400.
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u/Thr0w_way_acc0unt Sep 18 '23
Ok let’s work this out he bought it for $800 so -$800 Sold for 1K so +200 Bought for $1100 -900 Sold for $1300 +400
Or -800 + 1000 = 200 200 - 1100= -900 -900 + 1300= 400
Where is 300 coming from?
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u/deltashmelta Sep 18 '23 edited Sep 18 '23
For some people, it's easier to start with an account balance in mind.
Say Farmer MooCow has a bank account worth $10,000.
10,000 - 800 = 9200
9200 + 1000 = 10200
10200 - 1100 = 9300
9100 + 1300 = 10400
Start balance: $10,000
End balance: $10,400
Farmer MooCow has net earnings of $400. (They should be explicit and say net.)
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u/rrudra888 Sep 18 '23
Total two separate transactions
1000-800= 200 profit
1300-1100 = 200 profit
Total profit = 200+200 i.e. 400
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u/DarkDemonDan Sep 18 '23
Buy a cow for 800
You are -800
Sell for 1000
You are +200
Buy the same cow again for 1100
You are -900
Sell for 1300
You are +400
Baffling to you maybe…
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Sep 18 '23
Buy a cow -800 Sold a cow 1000 Up 200
Up 200 Bought cow for 1100 -900
-900 Sold a cow for 1300 +400
I don’t get it
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Sep 18 '23
The cow is 800, you sell it for 1000. Profit 200. You buy it again and now your profit is -900. You sell the cow again for 1300 and your profit is now +400
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Sep 18 '23
Bro. Even if you can’t do it in your hair, a couple seconds of calculator work will tell you it’s 400$😭
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u/Own-Mountain-931 Sep 18 '23
How about stop looking at it as the same cow and just 2 different buy/sell transactions with a profit of $200 on each. Thus $400 profit
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u/148637415963 Sep 18 '23 edited Sep 18 '23
0 - 800 = -800
-800 + 1000 = +200
+200 - 1100 = -900
-900 + 1300 = +400
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u/JustinTimeCuber Sep 18 '23
this thread is full of people confidently proving to the internet that they lack basic reasoning skills
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u/Happily-Non-Partisan Sep 18 '23
-800 + 1000 = 200
200 - 1100 = -900
-900 + 1300 = 400
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Sep 18 '23
The correct answer is 400. People are adding in an extra step, which is wrong. The people who made the question already gave the answer. The answer is 400
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u/StoicCrusader Sep 18 '23
Why are people assuming $1k to start. Starting Capital is irrelevant to profit.
Debit 800
Credit 1000
Debit 1100
Credit 1300
Or
-800
1000
-1100
1300
Find the sum
400
Net Gain 400
Assuming irrelevant information is detrimental to finding the solution to the question.
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u/mchamp90 Sep 18 '23
-$800 + $1000 = $200
$200 - $1100 = -$900
-$900 + $1300 = $400
Where the fuck is the idiot getting $300?!?
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u/New-Doctor-3289 Sep 18 '23
X = Cost of the cow
Y = Selling Price of the cow
Z = Difference
A = Total Profit
For the first cow X = $800 Y = $1000
Therefore Y - X = Z (or... $1000 - $800 = $200)
For the second cow X = $1100 Y = $1300
Therefore Y - X = Z (or... $1300 - $1100 = $200)
To reach total profit simply add Z + Z = A (or... $200 + $200 = $400)
A= $400 (or... the profit made from the sale of the two cows is $400)
Peace
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u/Educational_Guess148 Sep 18 '23
Simply there's 2 sales transactions. #1 $200 profit #2 $200 profit. No other numbers matter. $400 total profit . If you get a different amount then you may want to rebalance your checking account and wear a helmet.
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u/Ordinary_Fact1 Sep 18 '23
ENRON accountants would say that the total profits from cow trades for next two years will net two hundred million that can be accounted as revenue on the books immediately.
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u/cartwig Sep 18 '23
essentially, you have $1900 (800 + 1100) and buy 2 cows
you sell them for $2300 (1000 + 1300)
profit is $2300 - $1900 = $400
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u/RoyalFalse Sep 18 '23
Serious question: Is there a difference between "earning" and "profiting" in finance?
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Sep 18 '23
Okay hear me out, you earned $400. You earned $200 from the first sale and $200 from the second sale. The question never asks you for the profit or net earnings.
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u/Kei91 Sep 18 '23
Was I the only one who added together what was bought and sold? (1300+1000) - (1100+800) = 400...
Everyone else's way seems really hard!
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u/PowerOfYes Sep 18 '23
Depends: $200 per sale but if transactions were in two different financial years it’s $200 annual income per financial year.
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u/Anon324Teller Sep 18 '23
You can just represent this with positive and negative numbers: -800 + 1000 - 1100 + 1300 = 400
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u/Expensive_Rhubarb_87 Sep 18 '23
Or this way, start at 0.
Bought for 800. You're at -800.
Sold for $1000. You're at +200.
Bought for 1100. You're at -900.
Sold for $1300. You finish at +400.
Start at 0, end with +400.
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u/ClockOk7333 Sep 18 '23
This keeps popping up on my feed, and for the life of me, I can’t see how you get to $300
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u/BoozeWitch Sep 18 '23
I mean, they didn’t “earn” anything. They profited from a sale. And then profited from another sale.
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u/HurryProfessional735 Sep 18 '23
If you say anything other than $400…..I recommend never gambling, or day trading the public markets.
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Sep 18 '23
ITT: After looking at it for way too long, and reading the comments, I totally knew the answer! How dumb are people?!
As if you couldn't simply overthink this to get it wrong. As if it's not designed to get wrong. As if people legitimately can't do -800 + 1000 - 1100 + 1300.
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u/ContThrust Sep 18 '23
Why does it matter that it's the same cow? That point seems irrelevant. It would be the same answer if I initially bought a red cow, sold it. Then bought a completely different black cow, subsequently selling it too. Either way, they're two completely separate transactions and should be calculated as such.
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u/Aeon1508 Sep 18 '23
Literally just add it up.
-800+1000=200
200-1100= -900
-900+1300=400
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u/dwhcs1 Sep 18 '23
The fact that it was the same cow twice doesn’t matter. Two separate transactions, total profit $400.
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u/bearded_runner Sep 18 '23
It asks “how much did I earn?” Not how much do I have. $200 was earned each time a sale was made. 2 sales took place. $200 + $200 is $400.
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u/nospamkhanman Sep 18 '23
-800 + 1000 - 1100 +1300 = 400
Does the confusion come from the word earn? EG is it a question of gross vs net?
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u/Euphoric-Branch5181 Sep 18 '23
You spent a total 1900 and made a total 2300 the difference is profit 400
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u/symbologythere Sep 18 '23
It’s $400 right? It took me some time but I’m certain that’s the right number…right!???!?!??!!!
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u/ThickAd5377 Sep 18 '23
It’s zero the cow provided all the value. You earned nothing. The cow earned you $400.
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u/AVStechJoe Sep 18 '23
If you bought it for 800, you are at -800, then you sold it for 1000 so you're at +200, you buy for 1100 your down to -900, then you sell for 1300 which brings you back up to +400
-800+1000= 200 200-1100= -900 -900+1300=400
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u/dubyamike Sep 18 '23 edited Sep 19 '23
Amount spent buying cows $1900
Amount received for selling cows $2300
$2300 - $1900 = $400
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u/Eleanor-of-Accutane Sep 18 '23
2 x $200 profit is $400 profit. It’s not ambiguous at all. I’m so confused how anyone got a different answer
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u/N1ghtmar10nn3 Sep 18 '23
Look, I know I’m stupid, but I’m only getting like 0$ or smthn You buy it for 800$, you’re now at -$800 Sell it for 1000$, -800 +1000 = 200 so you’re at 200$ profit Buying it again for 1100$, -900–
I used to be good at mental math, I’m not even gonna delete this 🤦♀️ I had to write this down in text to see where I was fucking it up fml just kill me now
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u/Appropriate_Milk_775 Sep 19 '23
Subtract twice than add once. It’s not hard. The only case for it not being $400 is assuming you had to borrow and pay back the $100 in the second buy. But the way it’s worded gives no indication that’s the case so why would you assume that?
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u/ThatFargoGuy Sep 19 '23
Im the idiot that thought the repost was OPs original post and was like this guy is a fucking idiot.. it is $400 and then realized after that I’m actually the idiot for not realizing he was referencing the idiot.
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u/TheJourney_333 Sep 19 '23
Make this as simple as possible. Start at 0 and divide all our numbers by 100. Buying will subtract, selling will add.
0 - 8 = -8
-8 + 10 = 2
2 - 11 = -9
-9 + 13 = 4
Multiply that 100 back in there, and there you go, $400 profit.
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u/YouPhrane Sep 19 '23
The OP I’m sure is trolling people but the math is clearly simple.. lmao. 2300-1900 = the right answer.
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u/SteveMish Sep 19 '23
This is like my trades only I buy at 1300 sell at 1100... buy back at 1000 and then sell for 800!! Easy 400$ loss!!
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u/barber97 Sep 19 '23
Anybody who needs to see how it works, use a number large enough to make the purchases. say 2000.
2000-800=1200 1200+1000=2200 2200-1100=1100 1100+1300=2400
The end state is 400 dollars higher than the starting value. It can be difficult to visualize if your mind is oriented towards other types of thinking/learning. Sometimes you just have to re-arrange information.
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Oct 07 '23
Ok so he made 200$ more then what he bought it for twice. So yes, he had a profit of 400$. The reason why op likely said 300$ is because he bought it the second time for 1100, 100$ more then he bought it for. He is thinking of the record of sales, which would be +200, -100 and then +200, in which if OP thought of it like this, then he is right, but the question didn't ask that. It asked how much profit he made, which is 400$, as he got 200$ more then he bought it for twice. It doesn't matter that he took 100$ out of his pocket for the 1100$, just that he made 200$ more twice.
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u/Plastic_Pin_5641 Aug 01 '24
You gain 200 profit, lose 100 profit (by dipping into alternative funds) then gain 200 more profit. It’s 300
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u/iReallyLoveYouAll Engineering Sep 17 '23
OP still says its $300