Business

8 March, 23:34

A man decides to buy a horse. He pays 60 dollars for the animal. After a year, the value of the horse has increased to 70 dollars and he decides to sell the horse. A few days later he regrets his decision to sell the horse, and he buys it again. Unfortunately, he has to pay 80 dollars to get it back, thereby paying 10 dollars more for th e horse that he just sold! After another year of owning the horse, he finally decides to sell it for 90 dollars. What is the overall profit the man makes?

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