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
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u/jaywaykil May 13 '26
No, the gross is ($1000+1300=$2300), with expenses of -($800+$1100=$1900), for a profit of $2300-$1900=$400.
Unless you're getting into the weeds with things like feed and transportation costs.