Puzzles, brain teasers or riddles are great to help keep our minds sharp.
You may have seen this new riddle making the rounds on the internet. Many have said it is hard, while others say it is super simple!
This horse riddle, or more specifically, the buying-and-selling strategy of a horse have many people posting answers that are completely wrong!
The Riddle is below… see if you can figure it out. Bonus points if you can spot what tripped so many people up.
A man buys a horse for $60. He sells the horse for $70. He then buys the horse back for $80. And he sells the horse again for $90. In the end, how much money did the man make or lose? Or did he break even?
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Although it might appear simple at first glance, this riddle has a sneaky twist to it that can trip you up if you’re not following along closely with every step – and maybe if you forgot to take notes along the way.
As it turns out, the answer is that the man ultimately ended up making $20 as a profit.
To see how that works, you need to take a look back at the first transaction he made; remember that he made $10 the first time around. Then, you have to separate the second (confusing) transaction into two parts; he bought for $80 and then sold for $90, so that’s another $10 tacked on, giving you the total.
A big part of what confused a lot of people is that this man sold for $70 and then bought back for $80 – making it seem like he lost money instead of gaining it.
Give yourself a round of applause if you were able to solve it. If not, take solace in knowing many, many also got tripped up!
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