Horse Trade

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A man decides to buy a nice horse. He pays $60 for it, and he is very content with the strong animal. After a year, the value of the horse has increased to $70 and he decides to sell the horse. But already a few days later he regrets his decision to sell the beautiful horse, and he buys it again. Unfortunately he has to pay $80 to get it back, so he loses $10. After another year of owning the horse, he finally decides to sell the horse for $90.

What is the overall profit the man makes?
Created 2006 - 09 - 04



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