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re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/13/23 at 5:09 pm to Corinthians420
Posted on 12/13/23 at 5:09 pm to Corinthians420
quote:
What? They sold the item. The $100 was already stolen. Why would selling it to the thief make them never realize those gains if selling to a regular customer would
Nobody can be this dense. Youre just playing the contrarian at this point
The items were NEVER sold. The money they got for the purchase was their OWN. No new monies were exchanged in the transaction, from an outside source
The thief essentially stole items. He walked out with $70 in stolen items, and $30 out of the cash register. He gave the store ZERO dollars they they didnt already have. Thats how the transaction is different from a regular paying customer.
Once the thief gave them their $100, they were made whole. But when he walked out with $70 in merch and $30 in change, thats the point where the store was robbed. Again
Posted on 12/13/23 at 7:00 pm to RobbBobb
quote:
The items were NEVER sold.
No one is saying the company is making money on this deal or any booked margin is really earned (if any margin on product as that wasn’t stated one way or the other).
A sales transaction did occur in the OP’s riddle (key is OP was a riddle and calculations are hypotheticals being debated).
If $70 was the marked up retail price of the purchased product what happened to that margin (say cost was $50)?
*Thief made $20 in taxable income
*Aliens took the $20
*reparations total went down $20
*Company had $20 added to another bucket on their ledger.
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