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Mike and the Bike (Posted on 2003-07-26) Difficulty: 3 of 5
Mike wanted to buy a bike, and he found one he liked at $20, so he bought it. The next day, a friend saw it and offered $30 dollars for it so Mike agreed. He later bought it back for $40. Again someone saw it and offered $50 and again Mike sold it. Mike finally rebought the bike for good for $60. Mike then took it to a bike show where a man told him the bike was worth $40.

Deciding to keep it, did Mike gain or lose money on the transactions? Count the bikes worth in the problem.

See The Solution Submitted by Jon    
Rating: 2.2941 (17 votes)

Comments: ( You must be logged in to post comments.)
  Subject Author Date
SolutionPuzzle SolutionK Sengupta2008-06-28 06:54:49
AnswerK Sengupta2008-06-21 06:55:57
re: real answer - another way to look at it - semanticsjduval2007-08-23 03:17:42
answerwhome?2005-01-09 20:04:21
SolutionsolutionDetti2004-12-20 22:16:46
Solutionreal answerSteven Lu2004-12-07 04:04:24
Some Thoughtscountinglogischer Verstand2004-04-17 10:16:21
SolutionLawrence2003-08-24 11:47:29
SolutionSolutionMaura2003-08-16 22:51:39
solutionlesa2003-08-16 21:53:41
re(3): The moneyLewis2003-08-06 17:31:54
re(2): The moneyGamer2003-08-05 08:28:32
re(2): basic, not so basicAndre2003-08-04 16:51:43
re: basicChan Wah2003-08-04 15:37:58
SolutionbasicAndre2003-08-04 12:21:24
Some Thoughtsre: The moneyLewis2003-08-04 09:29:57
Solutionre: he gainsLewis2003-08-04 09:28:25
re: he gainsGamer2003-08-04 06:43:21
Solutionhe gainsDaniel2003-08-04 04:16:38
re: answerMelanie2003-08-03 19:46:24
re: i think..Mr. Spock2003-08-03 08:00:40
i think..eva2003-08-03 00:30:30
yah ? I think.dorkdork2003-08-02 21:31:38
re: answerMr. Spock2003-08-02 09:24:45
answerray lavko2003-08-01 11:44:23
he is even.jeremy2003-08-01 09:06:20
true answernakia2003-07-31 16:45:37
Some ThoughtsThe moneyScott2003-07-31 06:06:21
commentViet2003-07-28 06:53:41
re(4): AnswerDJ2003-07-27 18:23:46
re(2): AnswerMr. Spock2003-07-27 08:37:13
Some Thoughtsre(3): AnswerLewis2003-07-26 22:17:59
SolutionCredits and debitsFederico Kereki2003-07-26 13:47:02
re(2): AnswerDJ2003-07-26 11:41:04
Some Thoughtsre: AnswerLewis2003-07-26 10:17:23
AnswerMr. Spock2003-07-26 09:11:31
SolutionSolutionAndrwe Mitchell2003-07-26 08:54:41
SolutionSolutionLewis2003-07-26 08:36:36
Solutionsolutiontammy2003-07-26 08:27:48
SolutionSimple ApproachDJ2003-07-26 05:35:58
SolutionsolutionCharlie2003-07-26 04:50:59
SolutionA GuessSteph2003-07-26 04:41:35
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