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re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/12/23 at 2:17 pm to DeoreDX
Posted on 12/12/23 at 2:17 pm to DeoreDX
quote:
Stop over thinking this question.
Think of it this way. At the end of the day when the store balances it's books and does inventory what will show up as incorrect? The till will show up as $100 short. Inventory is fine.
Exactly. So their transaction with the thief was -$100 on the theft and + however much they made off the sale.
0
Posted on 12/12/23 at 2:18 pm to DeoreDX
quote:
Stop over thinking this question.
Think of it this way. At the end of the day when the store balances it's books and does inventory what will show up as incorrect? The till will show up as $100 short. Inventory is fine.
Yes.
Think of it this way. Say a 100 dollar bill fell out of the cash drawer and somehow was lost.
A customer comes in and purchases 70 dollars in merchandise, pays with a hundred dollar bill, and gets a ten and a twenty in change.
Did that change anything? 100 dollars was lost. That’s it. The fact that in the riddle the thief uses the 100 that he’d told changes nothing. It’s a red herring.
Posted on 12/12/23 at 2:19 pm to LNCHBOX
quote:
They lost the $100 taken. Then they had a $70 sale. Nothing was gained or lost on that sale.
What store is selling things and not gaining anything on the sale?
Why did they even make the sale if they gained nothing from it?
This post was edited on 12/12/23 at 2:22 pm
Posted on 12/12/23 at 2:22 pm to LNCHBOX
Ok
A store buys a TV for 700.00, sells the TV for 1000. As the guy that bought the TV is about to leave, they give him 100 dollars back.
When they analyze the sale did they lose 100 or gain 200?
A store buys a TV for 700.00, sells the TV for 1000. As the guy that bought the TV is about to leave, they give him 100 dollars back.
When they analyze the sale did they lose 100 or gain 200?
Posted on 12/12/23 at 2:33 pm to tigerfoot
quote:
Ok
A store buys a TV for 700.00, sells the TV for 1000. As the guy that bought the TV is about to leave, they give him 100 dollars back.
When they analyze the sale did they lose 100 or gain 200?
What point do you think you're making with this example?
It would appear that in this example, you understand that the sale is counted at retail price regardless of where the payment came from.
Yet for some reason, you seem to think the $100 that was stolen in this riddle somehow changes the accounting of the $70 sale. Why is that?
Posted on 12/12/23 at 2:36 pm to LNCHBOX
No we just disagree with the premise that a $70 sale to a store counts as 0 profit.
There's a reason the stores wanna move product. If it was truly a net 0 transaction selling an item they wouldn't care if anything ever sold.
There's a reason the stores wanna move product. If it was truly a net 0 transaction selling an item they wouldn't care if anything ever sold.
Posted on 12/12/23 at 2:40 pm to Corinthians420
quote:
No we just disagree with the premise that a $70 sale to a store counts as 0 profit.
No one said that. You're trying to get me with a semantics argument.
quote:
There's a reason the stores wanna move product. If it was truly a net 0 transaction selling an item they wouldn't care if anything ever sold.
Yep, never said anything like that.
ETA: And before you make the obvious reply of herrrr you said "No. They lost the $100 taken. Then they had a $70 sale. Nothing was gained or lost on that sale."
That very obviously was with regard to the amount gained or lost due to theft.
This post was edited on 12/12/23 at 2:43 pm
Posted on 12/12/23 at 2:41 pm to Seaux_cal_tiger
I have not looked at this thread at all but since it’s 11 pages there must be disagreements.
If you think the answer is anything other than $100 you’re a fricking idiot. The end.
If you think the answer is anything other than $100 you’re a fricking idiot. The end.
Posted on 12/12/23 at 2:45 pm to LNCHBOX
quote:
ETA: And before you make the obvious reply of herrrr you said "No. They lost the $100 taken. Then they had a $70 sale. Nothing was gained or lost on that sale."
That very obviously was with regard to the amount gained or lost due to theft
OK so they did gain profit on the sale? Just like they do all sales?
Now that we agree in that, their transaction with the thief that day is the -$100 transaction of him stealing from them PLUS
the profit they made off him from the sale.
Posted on 12/12/23 at 2:47 pm to Corinthians420
quote:
OK so they did gain profit on the sale? Just like they do all sales?
No fricking shite, sherlock.
And guess what, they made their usual profit on the sale to the thief as well.
quote:
Now that we agree in that
I love when a dumbass is condescending.
quote:
heir transaction with the thief that day is the -$100 transaction of him stealing from them PLUS
the profit they made off him from the sale.
Wrong. The sale is just a sale.
Posted on 12/12/23 at 2:47 pm to Corinthians420
quote:
OK so they did gain profit on the sale? Just like they do all sales?
If that were really meant to be a part of the equation they would have given the COGS as well.
Posted on 12/12/23 at 2:51 pm to LNCHBOX
quote:the cost of goods was clearly referenced
you understand that the sale is counted at retail price regardless of where the payment came from.
Posted on 12/12/23 at 2:52 pm to tigerfoot
quote:
the cost of goods was clearly referenced
Still waiting of you to explain the relevance with respect to this riddle.
Posted on 12/12/23 at 2:52 pm to Seaux_cal_tiger
quote:I'm awful at these type riddles, so I'm sure I'm wrong, but, I came to my answer by asking how much did the man gain? He gained $70 in goods and $30 in cash so the store lost $100?
A man steals a $100 bill from a store’s cash register. Then he buys $70 worth of goods at the store using the $100 he stole and he gets $30 in change back. How much money did the store lose?
Posted on 12/12/23 at 2:54 pm to LNCHBOX
quote:
It's literally exactly $100.
A man walks into a store with $0.00 in his wallet. He walks out with $70 in merchandise and $30 in cash. The store lost $100.
Posted on 12/12/23 at 2:55 pm to LNCHBOX
quote:
And guess what, they made their usual profit on the sale to the thief as well
Yes. A profit that wouldn't have existed if the thief didn't exist.
Posted on 12/12/23 at 2:56 pm to Corinthians420
quote:
Yes. A profit that wouldn't have existed if the thief didn't exist.
He's not a thief when he's making a purchase.
Posted on 12/12/23 at 2:57 pm to RT1941
quote:
A man walks into a store with $0.00 in his wallet. He walks out with $70 in merchandise and $30 in cash. The store lost $100
The thief gained $100. The store lost $30 plus the cost to restock the item.
If the $70 merchandise was 7 fountain drinks they were charging $10 each for then there is no way you can argue they lost $100.
Posted on 12/12/23 at 2:58 pm to LNCHBOX
In the 1000 dollar scenario, if that is the only sale fir the day, did the store make money?
Posted on 12/12/23 at 3:00 pm to tigerfoot
quote:
In the 1000 dollar scenario
Irrelevant
quote:
if that is the only sale fir the day, did the store make money?
Noone has argued that businesses don't sell things to make a profit. Yall are overcomplicating the frick out of this.
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