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Aug. 30, 2006
Horse Deal
Way out west, Harry the horse trader bought a couple of fine ponies. Soon, he realized that he needed to sell the horses quickly to raise some cash. He sold the two horses for $600 each, making a profit of 20 percent on one horse and a loss of 20 percent on the other. Was Harry's horse trade a win, lose, or break-even deal?
Adapted from Visual Brainstorms, a brainteaser game from ThinkFun (www.thinkfun.com).
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Harry didn't break even.
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He lost $50.
A 20 percent profit on one $600 sale means that he paid $500 for one horse in the first place, and a 20 percent loss on the other $600 sale means that he paid $750 for the other horse. He originally shelled out a total of $1,250 on the two horses and recouped only $1,200.
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