- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/12/23 at 6:36 pm to Zoroaster
Posted on 12/12/23 at 6:36 pm to Zoroaster
quote:Agreed. The question is effective because it manages to bog people down with clutter that isn't useful while subtly altering the way people approach it by presenting it as theft.
That's a different item from the inventory with its own potential profit margin.
In any case, this has been a fun thought exercise
Replace the word 'theft' with 'give' and I don't think as many people would have trouble with it:
"A store gives a man a gift certificate for $100 and he purchases $70 in goods and receives $30 in change. How much did it cost the store?"
In both scenarios the person is shopping with $100 of 'house money', in both scenarios the math is the same, in both scenarios there are the same profit margins and labor costs. The only difference is one of them comes with moral baggage. But morality doesn't change math.
This post was edited on 12/12/23 at 6:40 pm
Posted on 12/13/23 at 12:54 pm to northshorebamaman
quote:
in both scenarios the math is the same
Actually, I disagree. While accountants might quibble on the cost of goods sold involved in the gift certificate scenario, that is an accounting exercise.
The discussion of the loss under the theft scenario is a legal one since that involves what was taken.
The legal loss was $100.
This post was edited on 12/13/23 at 1:00 pm
Posted on 12/13/23 at 1:08 pm to northshorebamaman
quote:
Replace the word 'theft' with 'give' and I don't think as many people would have trouble with it:
"A store gives a man a gift certificate for $100 and he purchases $70 in goods and receives $30 in change. How much did it cost the store?"
What is the net loss to a store if someone uses a counterfeit $100 bill to purchase a $70 product with a cost of $50 and gets $30 in change back?
Popular
Back to top
Follow TigerDroppings for LSU Football News