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

quote:

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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?

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$80.

They got nothing in exchange for a product that cost them $50 and $30 real dollars.

I know people will rush in to say "but they could have sold that to someone else for $70. They will just sell an identical product to the next person for $70.

The loss is how much it set them back, not how much they potentially stood to earn on that item. The only exception is scarcity. If the item is something they cannot replace easily for the same price they attained the first one, the loss is higher