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A man buys a table for $60. After a year, the value of the table has increased to $70 and he decides to sell the table. But a few days later, he regrets his decision to sell the table and buys it again. Unfortunately, he has to pay $80 to get it back. So he loses $10. After another year of owning the table, he finally decides to sell the table for $90. What is the overall profit or loss the man makes?

 

Programming Aptitude MCQs

A man buys a table for $60. After a year, the value of the table has increased to $70 and he decides to sell the table. But a few days later, he regrets his decision to sell the table and buys it again. Unfortunately, he has to pay $80 to get it back. So he loses $10. After another year of owning the table, he finally decides to sell the table for $90. What is the overall profit or loss the man makes?

 

Answer

Correct Answer: A profit of $20

Explanation:

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Overall Skill Level-Poor

Your Skill Level: Poor

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