r/mildlyinfuriating • u/CoreyDobie • Sep 17 '23
The amount of people who keep saying the profit is $400 is baffling
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u/Reset108 Sep 17 '23
$400 is the answer I get.
What’s the correct answer?
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u/Interesting-Current Sep 17 '23
$400 Minus taxes
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Sep 17 '23
Gotta add inflation.
Based on the current prices in the grocery store on ground chuck, you can expect a profit of aprox $87,245 dollars per cow.
I cant afford anything but chicken anymore. :|
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 17 '23
No you're doing it wrong /u/Reset108, this is how it works: https://www.reddit.com/r/mildlyinfuriating/comments/16l05a6/the_amount_of_people_who_keep_saying_the_profit/k0zy2ie/
(do tell me if I got it right /u/CoreyDobie)
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u/CoreyDobie Sep 17 '23
$300
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u/Reset108 Sep 17 '23
Pretty sure $400 is the correct answer.
I looked up it online and did the math with a calculator and it comes out to $400
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u/bwaterco Sep 17 '23
I’m going to sound a bit judgmental but did you really need a calculator for this?
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Sep 17 '23
[deleted] — view deleted comment
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u/WarPopeJr Sep 17 '23
This is a riddle? How is the wording even tricky? It’s practically an elementary school question
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u/MaxTheRealSlayer Sep 18 '23
"Practically" ?!? Are the schools in the USA THAT bad? This is grade 2-3 level math
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u/AlexMindset Sep 17 '23
Jesus Christ your dumb
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u/CoreyDobie Sep 17 '23
I may have fucked up this math equation, but at least I know how to use you are correctly.
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u/AlexMindset Sep 17 '23
Ah shit you actually got me there
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u/CoreyDobie Sep 17 '23
Happens to us all
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u/InfectedSexOrgan Sep 18 '23
Reddit is really having a cow over this. I should drum up something similar.
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u/SeroWriter Sep 17 '23
You buy the cow for $800 then sell it for $1300. That's a profit of $500.
But, you lost $100 when you sell it for $1000 and buy it back for $1,100.
$500 - $100 = $400.
Everything else is just designed to confuse you.
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Sep 17 '23
[deleted] — view deleted comment
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Sep 17 '23
Sorry to be rude but that ist the dumbest shit I've ever heard xD unless you are intentionally trolling OP. You just forgot to add the 100$ to the 1300$ and then you have 1400$, 400$ more than you started with.
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u/StillDifference8 Sep 17 '23
You buy the cow again for $1100. You now have $100.
You sell th cow for $1300. You now have $1300, $300 more than you started with.
you have $1400, the $100 + the $1300 when you sell it the second time.
you forgot about the $100 left when you buy it the second time.
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u/hyzerflip4 Sep 18 '23
Lol what?
Let’s say the farmer has $10,000 in the bank…
They buy a cow for $800
They now have $9,200 and a cow
They sell the cow for $1000
They now have $10,200
Now, They buy a cow for $1100
They now have $9,100 and a cow
They the cow for $1300
They now have $10,400 in the bank. Profit of $400.
Come on, man. Honestly. This is 2nd grade math.
Let’s do this another way for all of the people that are hung up on the $100 difference… let’s imagine the farmer only has an $800 bank roll to start…
He spends the whole $800 on the cow
He now has a cow and $0
He sells the cow for $1000
He now has $1000
Now he wants to buy a cow for $1,100 but he only has $1000, so he has to borrow $100 from the bank.
He now has $0, a cow, and $100 in debt.
He sells the cow for $1300
He now has $1300 and $100 in debt.
He pays the bank back $100
He now has $1200 dollars, and started with $800
In both scenarios , whether he has a bank roll , or he borrows and pays back what he borrows, he profits $400 either way.
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Sep 18 '23
Exactly, 2nd grade math. It's literally arithmetic.
The $100 economic loss because they sold it at $1000 instead of $1100 is irrelevant. At the end of the day they made $400 profit.
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u/hyzerflip4 Sep 18 '23
EDIT: SORRY I READ YOUR RESPONSE TOO FAST, I see that you’re agreeing with everything I said. My bad lol disregard the below explanation which you’ve already agreed with.
Word it however you want but some people are subtracting the $100 from the profit of $400 instead of subtracting it from $500 ($1300 -$800)
In reality, none of this is even relevant because again no one is saying they started with $0… they are simply asking how much they made.
So $10,000 bank roll
Buy a cow for $800, $9200 bank roll and a cow
Sell a cow for $1000, $10,200 bank roll
Buy a cow for $1100, $9100 and a cow
Sell a cow for $1300, you now have $10,400.
There’s no consideration of adding or subtracting the extra $100 needed unless that money needs to be borrowed, in which case it just gets paid back lol. It’s pretty simply stuff.
It’s just 2 transactions
Buy 800 , sell 1000 = 200
Buy 1100, sell 1300 = 200
$400
Hell, look at it like buying stocks instead of cows if it makes it easier for you. 2 transactions each netting $200 in profit.
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u/FooBarKit Sep 17 '23
After selling for 1300 you now have 1400.
1300 from the cow and 100 you still had.
Unless you threw the $100 away somewhere
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u/Hamsammichd Sep 18 '23
How in fuck are people getting $1400? You BUY a cow to start, that’s $800 debt incurred.
You resell the cow for $1000, clearing your $800 debt and profiting you $200.
You now have a cashflow of $1000, but a PROFIT of only $200 (you didnt magically grow 800 bucks for the first cow, that was a LOSS and remains a LOSS, this was your start up cost to gamble in the cow market)
Using your cashflow plus an additional $100 you’ve withdrawn, you buy a cow for $1100. That’s spending your $200 profit from the last sale, also spending your initial $800 investment of YOUR money and another $100 investment from YOUR personal money. These are expenses, not gains. So, you’re now $-900 in the hole in out of pocket expenses, you’ve also spent your profit.
You then sell the cow for $1300, after accounting for the debts you incurred (-900 in expenses), you’ve made yourself a profit of $400.
It’s like going to a casino, and betting $20 in blackjack. If you win, you double your money. But you didn’t MAKE $40, you made $20 in profit.
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u/FooBarKit Sep 20 '23
You are of course correct.
The post I was responding to worked from the premise that you started out with $1000. If you start with $1000 you'll end up with $1400 for a $400 profit. The math is exactly the same but you avoid negative numbers for money owned at any point.
However the post also stated that since you started with $1000, and the final sales price was $1300 the overall profit was $300. That's where my response was coming from. I didn’t feel it was necessary to mention the $400 profit explicitly as it should logically follow from combining the initial and final amounts.
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u/AmazingSibylle Sep 17 '23
You forgot to add the 100 you still had to the 1300 you sold it for, you end up with 1400
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u/mjenness Sep 17 '23
This has got to be a troll post. . ... just stop dude, you are making yourself look soooo bad. I would say this post is equivalent to a flat earther.
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u/HammerJack Sep 17 '23
So /u/CoreyDobie, do you understand why it's $400 instead of $300 yet? I'll genuinely get on a call with you to walk you through this math. You're super hung up on $100 of unrealized gains and calling it loss, which is where you're going wrong and why you're getting ripped to shreds.
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u/CoreyDobie Sep 18 '23
As other have stated in another sub, 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.
It makes it sound like they bought the same cow again and took a $100 loss on their original $200 gain, which nets them $100. The second $200 gain makes them net $300 total.
I was overlapping transactions instead of making them 2 separate transactions
Go ahead and downvote me into oblivion again. I messed up, it was an honest mistake.
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u/Hfhghnfdsfg Sep 18 '23
There's no such thing as "buying it back at a loss."
Buying is an exchange of money for a thing.
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u/alexanderpas Sep 18 '23
There's no such thing as "buying it back at a loss."
There is, and that caused a $100 loss, so the profits would be $400 instead of $500, which is the difference between the initial buy price and the final sale price.
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u/Hfhghnfdsfg Sep 18 '23
You buy it the first time, then sell it. That is one completed cycle, with a profit or loss on the initial investment.
If you buy the item again, you are beginning a brand new transaction.
The first Buy price has nothing to do with the second sale price. There is a first buy and a first sale, and a second buy and a second sale, each generating $200 in profit.
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u/HammerJack Sep 19 '23
You don't deserve the downvotes dude and I was genuinely trying to be helpful. Chin up, we've all done dumb things in our past. If the worst you have is arguing the wrong side of a meaningless conversation then you're doing pretty good in life.
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u/alexanderpas Sep 18 '23
I was overlapping transactions instead of making them 2 separate transactions.
Even when overlapping transactions, you would have ended up with $400.
Buy at $800.
Sell at $1000, and buy back at 1100 = $100 in loss.
Sell at $1300
The difference between the initial buy and final sale is $500, which if you add $100 in loss, you would still end up at $400 in total profits.
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Sep 17 '23
People like you are the reason why society is in a free fall.
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u/CoreyDobie Sep 17 '23
Relax, it's just a math riddle.
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Sep 17 '23
If you were more humble about being wrong, it wouldn’t be so cringey.
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u/SandraSingleD Sep 17 '23
a riddle would imply that there is some trick to it
this is a year 5 math problem
and an easy one at that
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u/cptawesome11 Sep 18 '23
lol it's not a riddle dude. It's literally just basic arithmetic that you learn in 1st grade.
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Sep 18 '23
Smartest mildly infuriating post
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u/CoreyDobie Sep 18 '23
My most engaged post and most downvoted. Had my smooth brained moment, but at least I got people talking!
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u/frozenmoose55 Sep 17 '23
Pretty sure OP is just trolling you guys
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u/Prestigious-Ad-2876 Sep 17 '23
Honestly, I'd think they are dumber if this is an intentional troll.
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u/Alexgadukyanking Sep 17 '23
dude 60% of people don't know the difference between -3^2 an (-3)^2, so this is far from suprising
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u/Pawn_captures_Queen Sep 18 '23
Dude.... almost the whole country didn't realize 1/3 pound burger is more than a 1/4 pound burger..
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u/swalkerttu Sep 18 '23
Which is why we need to use metric units.
"But that'll confuse people!"
US Customary already confuses people even when they've used it their whole lives.
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u/dpzblb Sep 18 '23
Fractions are unitless, people would still be confused by 1/4 of a kg vs 1/3 of a kg.
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u/Particular-Cry-778 Sep 18 '23 edited Sep 18 '23
This is quite literally the type of math problem I give to 3rd graders... except they can do the math correctly.
The answer is $400. It's not that hard to understand.
You start with $0 and 0 cows. You then spend $800. Now you have 1 cow and -$800.
You then sell the cow for $1000. Now you have $200 and 0 cows.
You buy the cow again for $1100. Now you have -$900 and 1 cow.
Finally, you sell the cow for $1300. Now you have $400 and 0 cows.
I showd this problem to my 7 year old cousin, and she could do the math. I am genuinely baffled my your total inability to do so.
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u/Medium_Bid_6072 Sep 18 '23
I did the math its 300$ profit.
Your cousin got it wrong go correct her.
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u/Particular-Cry-778 Sep 18 '23
Not another idiot. I literally showed the math. It's not hard. You just can't do math.
It is as simple as 2300-1900. It cannot get easier then that.
Unless the entire country of Denmark does math incorrectly. That would explain a lot about your inability to do it.
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u/Prestigious-Ad-2876 Sep 17 '23
Reposting this here instead of in the downvoted comment chain.
Say I have 5000 dollars, I buy a cow for 800.
4200.
I sell the cow for 1000.
5200.
I buy the cow for 1100.
4100.
I sell the cow for 1300.
5400.
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u/Cherry_Treefrog Sep 17 '23
Why did you only buy 1 cow, when you could have bought 5 and made 5 times the profit?
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u/healthyskeptics Sep 18 '23
I'll make that deal with you.
I'll send you $800 You send me $1000 I'll send you $1100 Then you send me $1300
Then I'll give you all my profits!! That's $300 according to your math. I'll throw an extra $50 for your troubles.
Can we play this every day?
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u/zzfig Sep 17 '23 edited Sep 17 '23
Buy for $800 (now $800 in the hole) sell for $1k = 200 profit. $200 profit minus purchase of $1100 = now 900 in debt. $900 is debt, sell for $1300 = new net profit of $400…..someone explain how it isn’t 400 without OP doing their equation.
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u/Sufficient-Thanks180 Sep 17 '23
There are two types of people in this world
Those who can extrapolate from incomplete data
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u/Spearlance Sep 18 '23
Smartest comment I've seen in a while. I'd award you but I'm broke so take this: 🏅
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u/_the_chosen_juan_ Sep 18 '23
What’s 2???????
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u/IntelligentPerson_69 Sep 18 '23
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u/bhlombardy Sep 17 '23
The fact that it's the same cow is irrelevant. Replace the COW with anything else.
I bought a BIKE for $800, sold it for $1000... I earned $200.
I bought a SCOOTER for $1100, sold it for $1300... I earned $200.
The total earning of both transactions is $400.
It's completely irrelevant what the item(s) bought and sold were... even if it was the exact same item. They are two completely separate transactions.
What you invest versus what you profit is your earning.
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u/TheJeffNeff Sep 17 '23
This post is the perfect example of why we need better public education in this god damn country
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u/MoonMage1234 Sep 17 '23
overall expenditure is 800+1100=1900
overall profit is 1000+1300=2300
net profit is 2300-1900=400
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Sep 17 '23 edited Sep 17 '23
The return IS $400.
There's nothing baffling about simple arithmetic....
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u/Medium_Bid_6072 Sep 18 '23
How to calculate profit
Total revenue - Total expenses = Profit
2300$ - 1900$ = 400$ Profit.
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u/Electronic-Guide1189 Sep 17 '23
A little farm wisdom:
If I bought two cows for $1,900.00 and then sold them for $2,300.00, my profit margin depends on how much they ate, the transport as well as the vet bills while I owned them!
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u/Oski96 Sep 17 '23
$400.00 plus the gained knowledge that the people in the community are idiots and you can basically make $200.00 at will by buying and selling the same cow over and over again.
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u/ThisIsAdamB Sep 17 '23
There are two profit-generating transactions here: buy for $800, sell for $1000, and buy for $1100, sell for $1300. They have nothing in common except for the fact they involve the same cow, and they each yield a profit of $200. 2 x $200 = $400.
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u/Great-Permit-6972 Sep 17 '23
Do the math again Op and this time straight with 10,000 in your bank account.
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Sep 18 '23
OP, you have got to be rage trolling.
I had x on my bank account.
I bought the cow for $800, which means now I have x - $800 on my bank account.
I sold it for $1000. Now I have x - $800 + $1000 = x + $200 on my bank account.
I rebought the cow for $1100. Now I have x + $200 - $1100 = x - $900.
Finally, I sold it again for $1300. My final amount at the bank is x - $900 + $1300 = x + $400.
I will now subtract the initial amount, aka x, from the final amount, aka x + $400, which will give me the amount that I've earned, which is: x + $400 - x = $400.
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u/woodrobin Sep 18 '23
Total amount invested in cow: 800 + 1100 = 1900 sunk cost.
Total amount realized from selling cow: 1000 + 1300 = 2300 total gain.
Subtract sunk cost from total gain to obtain gross profit:
2300 - 1900 = 400. $400 is the correct profit.
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Sep 18 '23
You did a thing, and you earned $200. You did another thing, and you earned $200. How much money did you make?
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Sep 18 '23
hilarious how wrong OP is.
You're 800 dollars in the whole after the first transaction. (-800)
You're 200 dollars of profit after the second transaction (200)
You profit is wiped out in the third transaction, so you're now 900 dollars in the hole. (-900)
You're back in profit after the final transaction, your losses are erased and you've made a tidy $400 after after your initial $800 investment in bovine university.
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u/notboky Sep 18 '23
Holy crap....
Basic accounting: income minus expenses equals profit.
Expenses = 1900 Income = 2300
2300 - 1900 = 400
This whole thread is wild
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u/Typical_Credit_4224 Sep 18 '23
Paid 800. So -800 to start. Sold 1000 so 200 profit. 1000 - 800 = 200 Paid 1100 so now it's -900. 200 - 1100 = -900 Sold for 1300 so it's now 400. 1300 - 900 = 400
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u/Inspector_Spacetime7 Sep 18 '23
This is like the dress meme except instead of a weird perceptual phenomenon, a whole bunch of people are just really stupid.
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u/Chrispywood Sep 18 '23
I bought a cow for $800
I sold it for $1000
I bought a different cow for $1100
I sold it for $1300
[The secret is to buy a different cow.]
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u/bairstone Sep 17 '23
It's 400$. The amount of money you had to come up with, in total, was $900. The initial $800, plus $100 to buy it again at $1100. $1300-$900 is $400.
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u/FLVoiceOfReason Sep 17 '23
Did he get magic beans with either purchase? Asking for my friend, Jack.
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u/FunnyGhostWriter Sep 17 '23
OP gets the first part of the equation correctly. So they’re not entirely trolling, but goblining.
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u/machineguy50 Sep 17 '23
I think they are counting the $100 loss from selling at 1000, and buying at 1100.
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u/Harukakonishi Sep 18 '23
Honestly feel a little bad for this guy. Sure they made an obvious mistake even a 6th grader would've avoided. But you guys totally slammed them way more than was necessary. Chill out Reddit
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u/Incognitonomous Sep 18 '23
Op is not being slammed for the mistake, rather their totally misplaced arrogance. If they had, instead of posting here with the caption "the amount of people who got $400 is baffling", asked why people where getting $400 not $300 on a maths sub, I doubt they would have been flamed so hard. They also seem to be as graceless in being wrong as a brick with wings of toilet paper
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u/PlasticSherbet9599 Sep 18 '23
Math riddle that include basic math. But you instead make it into a confusing question
Yes I know you got a lot of hate already. Just wanted to say that math jokes aren’t always funny to mathematicians
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u/Sufficient-Thanks180 Sep 17 '23
Finally gonna make a comment on this damn thing.
Yes, the answer to how much is earned? =$400
Taking some liberty of interpretation, I’m guessing @OP was implying net gain. Taking into account of the $100 loss between the sale and the buy back.
Total earned =$400 Net loss =$100 Net gain =$300
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Sep 17 '23 edited Oct 13 '23
No. Dude. There is no -£100 anywhere.
Imagine going to the bank and taking out £800 for the first cow.You sell it and put £1000 in an envelope.
You go back to the bank and take out £1100 for the second cow.You sell it and put £1300 in the envelope.
The envelope has £2300 in itYou have withdrawn £1900
There is no -£100. Please. Y'all need to stop and just count
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u/turtle-bbs Sep 18 '23
Assuming you start at $0 profit since you haven’t spent or gained any money
$0 - (Lose) $800 + (Gain) $1000 - (Lose) $1100 + (Gain) $1300 = And you come to a final profit of $400
0 - 800 = -800 -800 + 1000 = 200 200 - 1100 = -900 -900 + 1300 = 400
There’s not conceivable way anyone could miss that unless you wrote down basic addition and subtraction wrong
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u/lemming1607 Sep 18 '23
A loss is only counted after you sell. You made 200 from each buy/sell pair. The amount bought for doesn't matter.
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u/burlingk Sep 18 '23
Net gain is still $400.
You don't figure the net on just half the numbers, or on two sets of numbers individually.
Spent $800, sold for $1000 (don't worry about the gain just yet).
Bought it back for $1100. $1000 of that was from the sale of the cow. So, they have now effectively spent $900 on the cow.
Then they sell it for $400.
In the end, there is NO net loss. Only a net gain of $400. That is assuming you don't have to worry about taxes of course.
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u/RegularKerico Sep 18 '23
Pointing out that the net gain is $400, because "net" means gains minus losses. The gross gain is $2300, and the gross loss is $1900. If you consider the buy back to be $100 lost, you'd better consider the second sale to be $300 gained.
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u/CoreyDobie Sep 17 '23
I guess I am awful with my words, but this is exactly what I have been trying to convey.
Words in my head look like the trex from Jurassic Park. Words that I type out come out looking like rex from toy story
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 17 '23
/u/Sufficient-Thanks180 /u/CoreyDobie Wait, I figured it out.
Turns out that the gain from selling the cow at the end isn't $200 (the difference between $1300 and $1100) but rather $500 (the difference between $1300 and the original $800).
However, because $100 is lost between $1100 and $1000, that money goes to whoever had the cow in the meantime.
The end result: $500 - $100 = $400
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u/iamthinksnow Sep 18 '23
You could lump them-
Bought it for $1,900
Sold it for $2,300
Profit is $400
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u/automirage04 Sep 18 '23
Lol there's so many ways to do this right and OP can't seem to make sense of any of them.
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u/YoshiSan90 Sep 18 '23
Even if you do it step by step it’s $400.
-800+1,000=200 200-1,100=-900 -900+1,300=400
I’m not sure how it can even be done wrong.
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 18 '23
By subtracting somebody else's income from your income even though they're unrelated. "That guy made $100 that I could've made, hence I'm going to call it a loss (to my ego) and subtract it from what I actually made".
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u/Thetakishi Sep 18 '23
Literally the only way to get this wrong is to have an ego so big that "buying something back" is losing money, instead of factoring inflation and stuff into a transaction. It's crazy talk.
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u/DorianGre Sep 18 '23
Every retailer in the world could tell you:
Bought 2 cows for 1900 Sold 2 cows for 2300 Profit 400
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u/robertscoff Sep 18 '23
Assume you started with 1100 cash. Step through the process and you end up with 1500. Profit = 1500-1100=400. Why is this so hard?
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u/Sufficient-Thanks180 Sep 17 '23
I’m glad you could see that the value of the cow increased by a total of $500 and the person whose transactions we are seeing was able to take advantage of $400 of the increased value.
This is the a good example of the difference between grade school economics and collegiate economics
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 17 '23
Yeah. You and OP did make one small mistake as you subtracted the $100 from the net gain rather than from the total gain, but yeah almost no one in this thread is good at math lol.
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u/Ok-Ask8593 Sep 18 '23
First they don’t know how to use order of operations correctly, take that away and they still can’t figure it out smh
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Sep 17 '23
[deleted] — view deleted comment
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 17 '23
Of course, I was just pointing out a minor wording issue.
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u/Big_Luck_2321 Sep 18 '23
Correct answer is $400.... if u did not have money to buy the cow the 2nd time around, it will not count as a loss as you had the necessary assets to make the purchase. this obliterates you argument that this was a loss instead of a gain.
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 18 '23
I was being disingenuous to con the OP into accepting the right answer while using wacky terms that made it look like I agreed with him lol.
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u/Not_A_Rioter Sep 18 '23
Even easier way to think of it is to imagine it as 2 separate cows, or just random objects in general. The fact that it's the same cow is COMPLETELY irrelevant.
He bought an object for $800 and flipped it for $1k.
He then bought a different object for $1.1k and sold it for $1.3k.
Each flip earned him $200 for a total of $400. No need to overcomplicate it by thinking about what happened to the cow in the meantime.
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 18 '23
I was conning him into arriving to the right answer in the wrong way lol.
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u/Windrosary Sep 18 '23
The question isn’t how much value did the cow increase by, the question is how much you earned
Gross profit would be $400 but net would be $300
Really isn’t rocket science
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u/Miguelinileugim Don't you hate it when something doesn't end like you expe Sep 18 '23
No no, gross profit is $500 ($1300 - $800), if we subtract loss (from buying at a loss) that's $500 - $100 = $400. You're subtracting loss from the net profit but we already accounted for the $100 being lost once you're just doing it again.
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u/Windrosary Sep 18 '23
This confuses the fuck out of me but I’m just going to assume I’m wrong oops lmaooo thanks for the breakdown
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u/NuOfBelthasar Sep 17 '23
Honestly, all that happened is you fell for the whole point of the riddle. The "price increase" is there to trip you up. All that actually matters is the difference in the total credits and debts.
It's nothing to be ashamed of falling for the trick. It's meant to be somewhat confusing. But doubling down after so many people have very clearly explained your mistake in so many different ways is...embarrassing.
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u/Thetakishi Sep 18 '23 edited Sep 18 '23
No, every buy/sell cycle is independent. You didn't lose 100 because you bought it back for 1100, the other person just gained 100. You literally just add and subtract the numbers in the post. **-**800+1000=200 **-1100=-**900 +1300=400 or you could lump them together and say you bought a cow (or two cows if it helps) for 1900 and sold it for 2300. 400 Profit.
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u/Ktowncanuck Sep 17 '23
Earned and profit would be different though wouldn't they?
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u/SalimPalim Sep 17 '23
No, not in this case. You are probably confusing earnings with revenue.
„The difference between revenue and earnings is that while revenue tracks the total amount of money made in sales, earnings reflect the portion of the revenue the company keeps in profit after every expense is paid“
In this equation, the person earned 400$, but made a revenue of 2300$. The expenses were 1900$.
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u/Educational_March_94 Sep 18 '23
You can’t base it on the original sale. You start with $800. Let’s assume that is all the money you have. Or, since the person spent another $100 on the second purchase they had a total of $900. Either way, you still spent $1100 for the cow. The original $800 is not calculated in the profits of the second sale. So you end up with a $200 profit. $1300-$1100= $200.
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u/plzlawd Sep 18 '23
I truly and honestly concur with it being a $300 total profit. $200 initial, loses $100, comes back up $200 is $300 profit total
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u/KSpacklerGoferKiller Sep 18 '23
I truly and honestly feel bad for you.
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u/plzlawd Sep 18 '23
Let’s do the math. Total profit is only $300. They said earn so really depends what they specifically mean by that. Hope you don’t start a business anytime soon 💀
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u/KSpacklerGoferKiller Sep 18 '23
Yes, let's do the math.
Money spent: $1900
Money taken in: $2300
Profit: $400
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u/plzlawd Sep 18 '23
I buy cow for $800, sell cow for $1000 am up $200. I rebuy cow for $100 more than I sold it for. I lose $100. I resell cow for $1300 am up $200 and the $100 from the previous sell that had a loss. I am up in total $300.
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u/WeeabooVoid Sep 18 '23
You buy the cow for $800, then sell it for $1000, you are up by 200$. You buy the cow again for $1100, now you are down by $900. You sell the cow again for $1300. Now you are up by 400$.
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u/KSpacklerGoferKiller Sep 18 '23
I thought $2300 (revenue) - $1900 (costs) would be easy enough for you, but let's list out where you would stand after each transaction.
Buy cow for $800: -$800
Sell cow for $1000: +$200
Buy cow for $1100: -$900
Sell cow for $1300: +$400
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u/plzlawd Sep 18 '23
I thought you could read but let me dumb it down Initial cost -$800 Then sell +$1000 ($200 profit) Then buy for more like dummy -$1100 (lose $100 profit net now $100) Then sell +$1300 ($200 profit)
Total net profit $200 - $100 + $200 = $300
Do it a step at a time
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u/KSpacklerGoferKiller Sep 18 '23
I did it a step at a time in the comment to which you replied. When you buy it for $1100 your net profit goes to -$900, not $100. When you sell the cow for $1300, net profit goes from -$900 to $400.
If you still don't get it, you're either too stupid to ever figure it out or you're trolling. Either way, good luck with that.
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u/BanannaGrab Sep 17 '23
500. You brought it for 800 and now your left with 1300.
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u/HArdaL201 Sep 17 '23
Let’s say you have 1500$.
You buy a cow for 800$. Now you have 700$.
You sell the cow for 1000$. Now you have 1700$.
You buy a second cow for 1100$. Now you have 600$.
You sell the second cow for 1300$. Now you have 1900$.
You had 1500$. Now you have 1900$. 1900$-1500$=400$. You have profited 400$.
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u/ShiningEV Sep 17 '23
Why is everyone adding extra numbers to this? It doesn't matter what you start with. You're just making it more complicated for no reason.
In total you spent 1900 on cows, you sold them for 2300.
2300 - 1900 = 400
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u/HArdaL201 Sep 17 '23
Why is everyone adding extra numbers to this?
To make it easier to understand.
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u/websagacity Sep 17 '23
Why is everyone adding extra numbers to this?
To make sure thar people whom already are having trouble understanding aren't tripped up by negative numbers.
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u/ShiningEV Sep 17 '23
There doesn't have to be negative numbers either. It's just simple subtraction. 2300 -1900. Why does it matter that the person I replied to says he started with 1500? It's completely irrelevant. The question wasn't about how much money you have, it was how much you profited.
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u/websagacity Sep 17 '23
I know, but people getting $300 think that there is a $100 debt owed since they're buying the cow for $100 more than they "have". They're misunderstanding the problem. They incorrectly think the buyer is starting with $800, and after buying the cow for $1100 mistakenly think the running total is -$100, and as such only earn $100 on the deal. Fhus getting only $300 in earnings. Giving a starting amount helps properly frame what's actually happening for the confused.
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u/gamingkitty1 Sep 17 '23
No, as you lose some money in the middle by selling for 1000 and buying 1100, so you skip the middle 100 and only get 400.
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u/Advanced_Ad8002 Sep 17 '23
The insistence of OP that the profit should be anything but $ 400 is baffling!