A farmer bought 9 cows for $1163 and sold them for $348. He bought them back for $676 and sold again for $671. How much did the farmer gain or lose on these transactions?
$2 gain
$820 loss
No loss, no gain.
$920 gain

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solve

First transaction ( 1163 - 348 ) = 815 (loss). Second transaction ( 676 - 671 ) = 5 (loss). Finally ( 815 + 5 ) = 820 (loss).
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