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re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/13/23 at 7:00 pm to RobbBobb
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.
1
Posted on 12/13/23 at 11:50 pm to dallastigers
quote:
what happened to that margin
There was no margin made, because there was no transaction
The store started $100 in the hole before any transaction occurred. Heres some help:
quote:
transaction - an occasion when someone buys or sells something, where money is exchanged for goods or services
quote:
exchange - reciprocal giving and receiving
At what point was there a reciprocal giving and receiving? Because the entire 'sale' was solely funded by the store.
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