Riddle Me This

^^^
No.

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OK I'll wait

My calculations went his total outlay for the horse was $40 - $10 first transaction + $30 second transaction

Sold for $40 - no gain no loss

I'm not asking for the answer I'll wait until someone puts out the correct answer with reasoning

:)
 
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income $60
Costs $40
Profit $20
 
income $60
Costs $40
Profit $20

I assumed his base cash was $100 (in reality it could be any amount)

$100 cash in hand
- $10 buy horse
= $90 cash in hand
+ $20 sold horse
= $110 cash in hand
- $30 buy horse
= $80 cash in hand
+ $40 sold horse
= $120 cash in hand

Oops seems plastic calculator in phone more accurate than Huey Dewey and Louie

Plus $20 revised answer

:)
 

We have some variables that need addressing eg:
If the store had a standard retail markup of 100%, then the $70.00 worth of goods at retail only cost the store owner $35.00
So, the $30.00 in change, plus the $35,00 cost f the goods would lead to a loss of $65.00. (plus amortized overhead costs)
 
Nit picking coming up
The maid was going to the masters study room to collect the WEEKS worth of mail which had accumulated and which he liked to take care of sitting in the garden on Sunday
You really should have a lot stronger logical tightness to such riddles

:)
 
Nit picking coming up
The maid was going to the masters study room to collect the WEEKS worth of mail which had accumulated and which he liked to take care of sitting in the garden on Sunday
You really should have a lot stronger logical tightness to such riddles

:)
The wife called the police while she was asleep.
 
Nit picking coming up
The maid was going to the masters study room to collect the WEEKS worth of mail which had accumulated and which he liked to take care of sitting in the garden on Sunday
You really should have a lot stronger logical tightness to such riddles

:)
^^^
Actual police investigations are often no better.

I make up some but most I find. I weed out many but some are not perfect.

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We have some variables that need addressing eg:
If the store had a standard retail markup of 100%, then the $70.00 worth of goods at retail only cost the store owner $35.00
So, the $30.00 in change, plus the $35,00 cost f the goods would lead to a loss of $65.00. (plus amortized overhead costs)
^^^
If the owner reviewed security video & called the police, they would ask the value of what was stolen & the owner would reasonably say $100.

<>
 
I assumed his base cash was $100 (in reality it could be any amount)

$100 cash in hand
- $10 buy horse
= $90 cash in hand
+ $20 sold horse
= $110 cash in hand
- $30 buy horse
= $80 cash in hand
+ $40 sold horse
= $120 cash in hand

Oops seems plastic calculator in phone more accurate than Huey Dewey and Louie

Plus $20 revised answer

:)
^^^
It does not matter how much cash he had. Maybe he had $33 million. All that matters is the profit each time he sold the horse added together.

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