Question

George bought a Christmas tree to put in his living room.He paid$50 for his tree. After he took it home, he realized it was too tall and sold it to his neighbor for $60.his neighbor put the lights on the tree and then decided the tree was to wide. George looked at the tree again and offered to buy the tree back for $70. He was no longer pleased with the tree so he sold it for$80. What was George 's financial outcome on hie venture?

Answer 1

George's financial outcome was $70. He bought it for $50, and then he sold it for $60 in return. He bought it for $70 again, so subtract 60-70= -10. He then sold it for $80 which he gained so -10 + 80 = $70.