A man steals $100 from a store then he buys $70 worth of goods from that same store using the $100 bill he'd stolen. He gets back $30 in change.
How much money did the store lose in total?
I think it's $30 because the store got back $70 of the $100. This is apparently wrong however as I've seen no guesses that jibe with mine. The most common answer seems to be $200 but I don't get how that works. What am I getting wrong?
Explain your solution.
2
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
13 comments
Feel free to reply to any comment by clicking the "Reply" button.In addition, low-carb and keto-friendly bagel substitutes have appeared, providing options for people wishing to cut back on their intake of carbohydrates while still enjoying the tastes and textures of a conventional bagel. Bagelexperience
Tobiaz11
Level 1
Aug 31, 2023
0
The survey is an important instrument in Dollar General's continual efforts to satisfy customers and offer outstanding value. DGcustomerfirst
CedricUtt
Level 1
Aug 22, 2023
0
Enter the Required Information: Next, participants are prompted to enter a 16-digit survey code, which is printed on their[ Taco Bell](https://tellthebelsurvey.info/[)] purchase receipt. If the receipt does not contain a survey code, the website provides an alternative link to enter the store number, date, and time of the visit.
liyenwhite
Level 1
Aug 21, 2023
0
oh
Both favorable and unfavorable feedback is encouraged in the Hannaford Guest Satisfaction Survey, which will help the business better understand your needs and preferences and tailor future operations.
[talktohannafordsurvey.one]
maserlorry
Level 1
Aug 21, 2023
0
The goal of McDonald's survey and feedback portal is to collect honest input and reward your consumers for participating in customer satisfaction surveys.
[mcdvoecewin.store]
davidharis635
Level 1
July 27, 2023
0
One of the top retail companies in the US is Dollar General. If you live in the US, you may go to the Dollar General shop and acquire whatever you need at a reasonable price.
[dgcustomerfirstwin.site]
daybossnewe
Level 1
July 25, 2023
0
One of the top retail companies in the US is Dollar General. If you live in the US, you may go to the Dollar General shop and acquire whatever you need at a reasonable price.
[url=[dgcustomerfirstwin.site]] Visit here DGCustomerFirst Survey [/url]
daybossnewe
Level 1
July 25, 2023
0
The most alluring and well-liked sweepstakes program in the United States, according to DGCustomerFirst, is offering a $100 Sweepstakes Gift Card.
daybossnewe
Level 1
July 25, 2023
0
WalgreensListensCon is a valuable tool for both customers and Walgreens. It allows customers to share their feedback and ideas in a meaningful way, and it helps Walgreens to improve its products and services based on customer needs and preferences. So, the next time you visit Walgreens, be sure to take the survey and share your thoughts on WalgreensListensCon!
bishopcara
Level 1
July 19, 2023
0
As of now, $100 is the biggest amount for us. Some stores would like to collect the customers opinion to know the working conditions, customer satisfaction.
We knew that Dollar general store is the safest place where we can shop peacefully. Also we had Dgcustomerfirst 2023 for winning $100.
medved
Level 1
Dec 10, 2022
0
$100. I look at it like this: After the theft of $100, the store continued to have legitimate transactions with customers, exchanging merchandise for money. It doesn't matter that one of the customers just happen to be the thief. The store is still out $100 because the legitimate transactions do not make up for the theft.
TMA2NC
Level 6
Sep 18, 2022
1
Miss Kathleen explained it nicely. The store is out the $100 he stole initially then it's out a further $70 in merchandise bought with the stolen money and the $30 in change. The store is out $200 in total.
@Sgt_Spanky Yes, I saw the response from @MsKathleen. But how is the store out an additional $70 in merch when the merch was fully paid for? If the point is that the stolen money used to make the purchase is an illegal transaction and can't therefore be counted as revenue for the store, then I understand the point. However, the transaction is still valid as long as the money was real, not counterfeit.
@TMA2NC Since the merch was paid for with money stolen from the store it becomes an additional loss to be added to the total as does the change.
@Sgt_Spanky Let's agree to disagree.
$100 was stolen and the store had to pay for goods and overhead, even if you credit the mark up, it is stll only a small profit on $70 and even smaller part of 100. Depending on the business and not crediting the profit to the merchant his loss is still very close to $100
Buttercup
Level 8
Sep 17, 2022
2
@MsKathleen Druvius is correct if you use cash accounting. The merchant could declare a loss of $100 for taxes, if you want to go deeper it's a rat's nest.
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
Share this post
Categories
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.