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re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/12/23 at 3:02 pm to LNCHBOX
Posted on 12/12/23 at 3:02 pm to LNCHBOX
quote:
He's not a thief when he's making a purchase.
The "riddle" specifically states he is using the stolen $100 to purchase goods. Therefore if he didn't steal $100 they would have 1 less sale for that day. Whatever the profit was on the sale has to be subtracted because without the theft the sale doesn't occur.
He is still a thief when making the purchase. He just stole $100.
This post was edited on 12/12/23 at 3:04 pm
1
Posted on 12/12/23 at 3:03 pm to LNCHBOX
Just pointing out that the loss of the 100 was offset by the profit of the sale.
Posted on 12/12/23 at 3:04 pm to Corinthians420
quote:
The "riddle" specifically states he is using the stolen $100 to purchase goods
Who gives a shite? They are separate events.
quote:
Therefore if he didn't steal $100 they would have 1 less sale for that days.
Says who? Maybe he went there specifically to buy that item and the theft of the $100 was a crime of opportunity.
quote:
Whatever the profit was on the sale has to be subtracted because without the theft the sale doesn't occur
You have no way to know that.
Posted on 12/12/23 at 3:04 pm to tigerfoot
quote:
ust pointing out that the loss of the 100 was offset by the profit of the sale.
No it isn't.
Posted on 12/12/23 at 3:05 pm to Corinthians420
quote:That's overcomplicating the frick out of this riddle.
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 3:07 pm to RT1941
quote:
That's overcomplicating the frick out of this riddle.
Its an important distinction to make. If u steal an asperin from a hospital did they lose $70 if that is how much they bill people for them?
Posted on 12/12/23 at 3:12 pm to Corinthians420
quote:
The store lost $30 plus the cost to restock the item.
So following your logic, court ordered restitution for stolen goods would not be at the retail cost. You should maybe do some research on that and see what you find.
Posted on 12/12/23 at 3:14 pm to RT1941
quote:That's what I was thinking.
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.
Another way of thinking about it (in reverse): if I steal a $100 phone out of a store, then return it for a 'refund' of $100 cash, the answer is obviously $100.
I think all the talk about profit margins is clouding the issue because as it wasn't included in the question it wasn't deemed necessary to arrive at the answer.
Posted on 12/12/23 at 3:14 pm to LNCHBOX
quote:
So following your logic, court ordered restitution for stolen goods would not be at the retail cost.
Haha no. Court ordered restitution is a punishment for the thief, not simply a neutral act to make the store whole.
Posted on 12/12/23 at 3:16 pm to Corinthians420
quote:
Haha no. Court ordered restitution is a punishment for the thief, not simply a neutral act to make the store whole.
There are fines on top of restitution that is the punishment you are describing. Just give it up already
Posted on 12/12/23 at 3:20 pm to LNCHBOX
quote:
ust pointing out that the loss of the 100 was offset by the profit of the sale.
Usually if you don’t have the information to solve the riddle, you’re on the wrong track.
Posted on 12/12/23 at 3:23 pm to LNCHBOX
Sorry man but any time you are talking business, the cost is always involved. If a bartender spills a $20 drink wit $2 worth of tequila and $1 worth of mixer in it, the restaurant didn't lose the same amount as the cook fricking up a $20 steak and having to make another.
Cost always comes into play when calculating loss.
Cost always comes into play when calculating loss.
Posted on 12/12/23 at 3:24 pm to yellowfin
quote:
Usually if you don’t have the information to solve the riddle, you’re on the wrong track.
This isn't a riddle anyway, it's some dumb Facebook share thing.
The answer is L(OSS)=$100-Profit (from sale made using the stolen $100)
This post was edited on 12/12/23 at 3:27 pm
Posted on 12/12/23 at 3:25 pm to Corinthians420
quote:
Sorry man but any time you are talking business, the cost is always involved. If a bartender spills a $20 drink wit $2 worth of tequila and $1 worth of mixer in it, the restaurant didn't lose the same amount as the cook fricking up a $20 steak and having to make another.
Cost always comes into play when calculating loss.
More irrelevant hypotheticals to overcomplicate the riddle.
The bottom line is that there was only one loss, the $100 stolen. The fact that there was then a transaction where that $100 was used has absolutely no bearing on how much the loss was.
Continuing your logic, had the thief bought enough merchandise, the store wouldn't have actually lost any money.
Posted on 12/12/23 at 3:26 pm to LNCHBOX
quote:
More irrelevant hypotheticals to overcomplicate the riddle.
The bottom line is that there was only one loss, the $100 stolen. The fact that there was then a transaction where that $100 was used has absolutely no bearing on how much the loss was.
Yep
It's just there as a distraction to make people over think the problem. If provides zero useful information.
Posted on 12/12/23 at 3:28 pm to Corinthians420
I don’t care enough to argue with a screen name
Posted on 12/12/23 at 3:29 pm to LNCHBOX
quote:
Continuing your logic, had the thief bought enough merchandise, the store wouldn't have actually lost any money.
Yes this is true. If the owner took a shite in a jar and slapped $100 price tag on it and then the thief bought it with the $100 bill, the store actually wouldn't have lost any money.
Posted on 12/12/23 at 3:30 pm to Corinthians420
quote:
Yes this is true.
Posted on 12/12/23 at 3:31 pm to Seaux_cal_tiger
On the surface $100. $70 in goods and $30 in cash, but diving deeper it's really $30 in cash and cost of goods that the store paid for the items that was bought.
Posted on 12/12/23 at 3:34 pm to 21JumpStreet
quote:
but diving deeper it's really $30 in cash and cost of goods that the store paid for the items that was bought.
So diving deeper, the register count at the end of the day will not be short $100?
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