A business man bought 8 hares for $560 and sold them for $845. He bought them back for $715 and sold again for $483. How much did the business man gain or lose on these transactions?
$2 gain
No loss, no gain.
$53 gain
$114 loss

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First transaction ( 845 - 560 ) = 285 (gain). Second transaction ( 715 - 483 ) = 232 (loss). Finally ( 285 - 232 ) = 53 (gain).