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re: Help with riddle - How Much Money Did The Store Lose?

Posted on 12/11/23 at 9:27 pm to
Posted by LSUFanHouston
NOLA
Member since Jul 2009
37320 posts
Posted on 12/11/23 at 9:27 pm to
quote:

How much money did the store lose?


Problem is the word “money”.

The company now has $30 less in the till, plus one less item of inventory.

The item has a selling point of $70. If they would have sold it for $70, then they have lost $70 of revenue.

But in their books they don’t realize a $70 loss. They realize whatever their carry cost is for that inventory item.

But you asked how much “money” they lost.

They lost $30 in money.
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