Question 363523: a person buys a horse for 15 pounds, after one year he sells it for 20 pounds. after one year, again he buys the same horse at 30 pounds and sells it for 40 pounds what is the profit for that person?
in some web site, they have given answer as 15 pounds profit. but,
my answer is "15 pounds loss"
whether this is correct are not? please provide me with correct explanation.
Answer by vasumathi(46)   (Show Source):
You can put this solution on YOUR website! a person buys a horse for 15 pounds, after one year he sells it for 20 pounds. after one year, again he buys the same horse at 30 pounds and sells it for 40 pounds what is the profit for that person?
Solution: In the first year the profit is 20-15 = 5 pounds
In the second year the profit is 40-30= 10 pounds
so total profit = 5 + 10 = 15 pounds
I think this makes sense
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