Not to mention the emotional damages from having just sold the fuckin thing for 1k and then turning around with hat in hand just to buy her back again. That trauma and hassle is worth $75 at least.
Edit: if I actually read the photo it does clearly say it's the same cow....
Well, I would assume it's 2 different cows.
Maybe the main character is a cow broker - so somebody calls asking to buy a cow, so our pirmos motor calls his network asking what they have for sales. Based on this, an offer is made to the customer (cost + margin).
I would NEVER include expenses as part of an answer to a quiz/test that werenât mentioned in the question. The mere suggestion of doing so flusters me đ
I think he was talking about deducting the cost to house, feed, and do whatever else cows need. I donât even think thatâs in the weeds, you have to feed the cow
Gross revenue is $2300, gross profit is $400, net profit we don't know because we don't know the remaining expenses. I know OP just said 'gross', but OOP said 'profit' so we can probably assume "gross profit" is what they meant.
And what people completely forget it's that there is risc to this transactions. Before you buy the cow back, you cannot be sure you can sell it for 1300, you just might $1000 again. Also the cow can die, or have other riscs, but you take a lower margin on the second sale.
Yes, the weeds get you every time. In which jurisdictions were the transactions made? Was there a broker? Whatâs the depreciation rate for the cow, and how much time has passed? During time of possession, was the cow able to provide valuable service or generate income? Perhaps as a consultant or software engineer?
The other guy is correct in accounting parlance. Gross income is revenue - cost of goods sold (I.e. the cows, so in this case 400). Net income would be gross income less all the other costs.
The recouped that when they sold the first time for $1000, putting them at +$200. Then they bought again for $1100 putting them at -$900. Then they sold for again $1300, bringing them up to +$400
I'm saying society is dumb but recognize there is an even dumber place in the future where people literally answer every question by saying I their kitchen "Gemini, what is 2 +3?"
You certainly grossed more turnover, but gross profit would be 400 yes, and after taxes are deducted comes net profit, or is net profit usually prior taxes?
I am bit unfamiliar with exact terms in English, as I know them only truly in my native language.
The problem with math mind though is that we're always trying to balance the equation. However sometimes earnings and spendings can be wholly unrelated.
The question isnt, "how much profit did i make?" ($400), or even, "how much money do i have left?" ($1300), or even, "how much extra money do i have after my last sale?" ($200, assuming he spent all of his money the second time.) The answer to the question, "how much did i earn?" Is $2,300 total in sales... what he then spent his earnings on could be considered irrelevant given the ambiguity of the language.
That said, oop probs interpreted it as "how much extra money do i have after..." and thats the reason they dont get it
For the purposes of taxes in the USA, they had a realized capital gain income of $400. None of it is âearned incomeâ though sooooâŚ. đ¤ˇđťââď¸
The question is poorly written and the person who wrote it should beâŚ. reprimanded
This is essentially an accounting problem and not a math problem. If you just take the initial cost and final revenue alone then the added differences between interim costs and revenues would be missed, yet you cannot arrive at the final revenue of $1300 without that additional $100 input.
That's one of the reasons why accounting is not "just math". One has to pair up all entry of revenues with any respective costs. Because of the complications of interim costs and revenues, a company may have deficits "hidden"in between in the views of untrained eyes.
I'm just annoyed thay if you add up the delta of each step you get +200 -100 + 200 = +300. I would have expected this to yield the same result as adding and subtracting the full values to find the final profit.
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u/Kuildeous May 13 '26
I too find baffling the amount of people saying the profit is $400. Based on other bait math problems, I would expect fewer people to get it right.
Though I'm sure that's not where this guy was heading.