Logic Riddles

Logic riddles with answers involve looking at situations and making judgements about them by ruling out impossibilities. If you like solving maths puzzles, you will most probably like logic riddles as well.

The Two Aeroplanes

A man recently bought two aeroplanes, but afterwards found that they would not answer the purpose for which he wanted them. So he sold them for $600 each, making a loss of 20 percent on one machine and a profit of 20 percent on the other. Did he make a profit on the whole transaction, or a loss? And how much?

Riddle Answer