Horse
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A man decides to buy a nice horse. He pays Rs 600 for it, and after a year...
A man decides to buy a nice horse. He pays Rs 600 for it, and after a year, when the value of the horse has increased to Rs 700, he decides to sell it. A few days later, he regrets his decision, and he buys it again. He has to pay Rs 800 to get it back, so he loses Rs 100. After another year, he decides to sell the horse for Rs 900. What is the overall profit he makes?
Answer
His total expenses are Rs 600 + Rs 800 = Rs 1,400 and the total earnings are Rs 700 + Rs 900 = Rs 1600. The profit is therefore Rs 1,600 – Rs 1,400 = Rs 200.