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

Posted on 12/12/23 at 1:38 pm to
Posted by stelly1025
Lafayette
Member since May 2012
8565 posts
Posted on 12/12/23 at 1:38 pm to
quote:

OMG.

He stole 100.

The store is out 100.00

He gave the 100 dollars back to the store upon the transaction.

He has 30 buck and the COG of the 70.00 he purchased. So if they were marked up 30% the store received 21 of their stolen dollars back. So, the store is out 79.00.....30 bucks cash and 49 dollars worth of product.


OMG no it is not 100. It is more than 200 and your argument is irrelevant.
Posted by LNCHBOX
70448
Member since Jun 2009
84464 posts
Posted on 12/12/23 at 1:39 pm to
quote:

no it is not 100


It's literally exactly $100.
Posted by tigerfoot
Alexandria
Member since Sep 2006
56642 posts
Posted on 12/12/23 at 1:59 pm to
quote:

OMG no it is not 100. It is more than 200 and your argument is irrelevant.


Ok lets go slow

He takes 100 dollars.....he puts merchandise on counter. They tell him he owes 70.00.

He takes the 100 and gives it back to the store.....

At that moment the 100.00 is in the register. The store has the same amt of cash that they had prior to him stealing.

They then take 30 out and give him his change. He has 30.00.

After that he takes his bag of goods that have a value of less than 70.00 (store markup). So he walks out of store with 30 bucks and less than 70 in goods.

Do you get it now?
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