{"id":156542,"date":"2024-10-17T11:20:21","date_gmt":"2024-10-17T11:20:21","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=156542"},"modified":"2024-10-17T11:20:24","modified_gmt":"2024-10-17T11:20:24","slug":"i-bought-a-cow-for-800-i-sold-it-for-1000-i-bought-it-again-for-1100-i-sold-it-again-for-1300-how-much-did-i-earn","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2024\/10\/17\/i-bought-a-cow-for-800-i-sold-it-for-1000-i-bought-it-again-for-1100-i-sold-it-again-for-1300-how-much-did-i-earn\/","title":{"rendered":"I bought a cow for $800 I Sold it for $1000 I bought it again for $1100 I Sold it again for $1300 How much did I earn"},"content":{"rendered":"\n

I bought a cow for $800 I Sold it for $1000 I bought it again for $1100 I Sold it again for $1300 How much did I earn<\/p>\n\n\n\n

The Correct Answer and Explanation is:<\/mark><\/strong><\/p>\n\n\n\n

Let’s break down the transactions step by step:<\/p>\n\n\n\n

    \n
  1. Initial Purchase<\/strong>: You bought the cow for $800.<\/li>\n\n\n\n
  2. First Sale<\/strong>: You sold it for $1,000. This means you made a profit of $1,000 – $800 = $200<\/strong> on the first transaction.<\/li>\n\n\n\n
  3. Second Purchase<\/strong>: You bought the cow again for $1,100.<\/li>\n\n\n\n
  4. Second Sale<\/strong>: You sold it again for $1,300. This means you made a profit of $1,300 – $1,100 = $200<\/strong> on the second transaction.<\/li>\n<\/ol>\n\n\n\n

    Total Earnings<\/h3>\n\n\n\n

    Now, to calculate your total earnings, you add up the profits from both sales:<\/p>\n\n\n\n

      \n
    • First sale profit: $200<\/li>\n\n\n\n
    • Second sale profit: $200<\/li>\n\n\n\n
    • Total profit = $200 + $200 = $400<\/strong><\/li>\n<\/ul>\n\n\n\n

      Detailed Explanation:<\/h3>\n\n\n\n

      You conducted two cycles of buying and selling the cow. In both instances, you sold the cow for more than you bought it, thus making a profit each time.<\/p>\n\n\n\n

        \n
      1. First Transaction<\/strong>: You bought the cow for $800 and sold it for $1,000. The difference between the selling price and the purchase price is $200, which represents your profit from the first transaction.<\/li>\n\n\n\n
      2. Second Transaction<\/strong>: After selling the cow for $1,000, you bought it back for $1,100, which was higher than your first purchase price. However, you sold it for $1,300, which again resulted in a profit. The difference between $1,300 and $1,100 is also $200.<\/li>\n<\/ol>\n\n\n\n

        Both of these profits are independent of each other, and when combined, they result in a total earning of $400. This calculation highlights how buying low and selling high\u2014whether it’s the same item or a different one\u2014leads to financial gain. The key to determining your overall earnings is to focus on the profits from each sale and disregard the intermediate purchases.<\/p>\n","protected":false},"excerpt":{"rendered":"

        I bought a cow for $800 I Sold it for $1000 I bought it again for $1100 I Sold it again for $1300 How much did I earn The Correct Answer and Explanation is: Let’s break down the transactions step by step: Total Earnings Now, to calculate your total earnings, you add up the profits […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-156542","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/156542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=156542"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/156542\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=156542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=156542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=156542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}