Crypto Academics – Math page

Math exercises:

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Question 1:

You buy 1.00000000 of bitcoin for S10,000 with a $2.50 transaction fee.

Then you sell 1.00000000 of bitcoin for $10,009 with a $2.50 transaction fee.

What is your profit or loss?

Answer 1:

$10,000.00 + $2.50 + $2.50 = $10,005.00 and,

$10,009.00 – $10,005.00 = $4.00

You made a profit of $4.00

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Question 2:

You buy 2.00000000 of Litecoin for S100.00 with a $2.00 transaction fee.

Then you sell 1.00000000 of Litecoin for $51.00 with a $1.00 transaction fee.

What is your profit or loss?

Answer 2:

$100.00 + $2.00 + $1.00 = $103.00 and,

$51.00 – $103.00 = $-52.00

Your cash assets are currently down $52.00; however, you still own 1 coin of Litecoin because you bought 2 coins of Litecoin and only sold 1 of them. When the market value of 1 coin of Litecoin rises above $52.00 plus the cost of a transaction fee, you can sell your 1 Litecoin for a cash profit. Your earnings will be the price of the sell minus the transaction fee.

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Question 3:

You buy 2.12345678 of Zcash for S200.00 with a $2.00 transaction fee.

Then you sell 2.12345678 of Zcash for $225.00 with a $3.00 transaction fee.

What is your profit or loss?

Answer 3:

$200.00 + $2.00 + $3.00 = $205.00 and,

$225.00 – $205.00 = $20.00

Your profit is $20.00

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