A farmer bought a horse for $50.00

Then he sold it for $60.00

He had second thoughts about the horse, and he bought back the horse for $70.00

And then he sold it again for $80.00

What is the financial outcome of these transactions

Add all the money the farmer paid for the horse. Add all the money the farmer got from selling the horse. Did he spend more than he got?

My answer was $20. He paid $120, he spent $140. Yes,but I subtracted 120 from 140 and got 20.

I believe you have it. You said he paid $120. That is correct. You said he spent $140. I think you meant to say he received $140.

He profited $20. He spent $120 and received $140. So he had a $20 profit.

To determine the financial outcome of these transactions, we need to calculate the net profit or loss made by the farmer.

1. The farmer bought the horse for $50.00.
2. He sold the horse for $60.00, making a profit of $10.00 ($60.00 - $50.00).
3. The farmer bought back the horse for $70.00.
4. He sold it again for $80.00, making a profit of $10.00 ($80.00 - $70.00).

To calculate the total financial outcome, we add up the profits and losses:

Profit from the first sale: $10.00
Profit from the second sale: $10.00

Total financial outcome: $10.00 + $10.00 = $20.00

Therefore, the financial outcome of these transactions is a profit of $20.00.