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Started By
Message
re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/10/23 at 10:42 pm to Seaux_cal_tiger
Posted on 12/10/23 at 10:42 pm to Seaux_cal_tiger
$100 - net profit on the items sold.
2
Posted on 12/10/23 at 10:43 pm to Sao
Hundo
Posted on 12/10/23 at 10:44 pm to Seaux_cal_tiger
quote:frick YOU
Even amongst the Accountants in our group
Posted on 12/10/23 at 10:46 pm to Seaux_cal_tiger
if I bought a jar of peanut butter for $50 and charged $70 to cover expenses and make a profit then I lost that $70 plus $100 stolen.
Posted on 12/10/23 at 10:53 pm to Seaux_cal_tiger
I guess it really depends on the cost of goods (what the store paid for it from their vendor) before a dollar amount can be in a decision. You didn't give enough information. You never mentioned whether the $70 worth of goods was what the store was selling it for or what they actually paid for it.
Posted on 12/10/23 at 10:55 pm to HDAU
quote:
$100. Robber stole $100. Patronizing the store after the fact doesn’t mitigate the robbery.
Agreed. The subsequent transaction should be ignored as nothing more than a distraction meant to make you over think things.
Posted on 12/10/23 at 11:00 pm to NCIS_76
quote:
You didn't give enough information.
That’s all the info that was given. Whether the cost of goods sold should be considered has been then point of contention.
This post was edited on 12/10/23 at 11:05 pm
Posted on 12/10/23 at 11:01 pm to Powerman
Right. Except 5he store didn't get my $100. Making their drawer whole with their own $100, minus the goods -$30 = $200 down to me.
Posted on 12/10/23 at 11:01 pm to Seaux_cal_tiger
quote:
ChatGPT
The store lost $100. The initial theft isn't offset by the subsequent purchase.
Edit:
quote:
Can you break down your answer? Explain it as if you were talking to baws on the OT.
quote:
ChatGPT
Sure thing, baws. The dude swiped a crisp $100 bill from the register, no coming back from that. Then he spent $70 of it on goods, but that doesn't magically erase the original theft. The store's still out a hundred bucks.
This post was edited on 12/10/23 at 11:04 pm
Posted on 12/10/23 at 11:02 pm to NCIS_76
quote:
I guess it really depends on the cost of goods (what the store paid for it from their vendor) before a dollar amount can be in a decision. You didn't give enough information. You never mentioned whether the $70 worth of goods was what the store was selling it for or what they actually paid for it.
No, him buying it means he stole $70 from the store that they think should be in their book. If he steals it without paying for it then your point stands.
Posted on 12/10/23 at 11:04 pm to Seaux_cal_tiger
quote:quote:
350
How did you come up with this?
Posted on 12/10/23 at 11:07 pm to Seaux_cal_tiger
$200
Posted on 12/10/23 at 11:08 pm to Sao
quote:
Right. Except 5he store didn't get my $100. Making their drawer whole with their own $100, minus the goods -$30 = $200 down to me.
The store still got a $100 bill back. Doesn’t matter whose it is.
Posted on 12/10/23 at 11:12 pm to The Boat
But the drawer count doesn't go up by $100. It goes back by $100. Then, they lost $70 in merch and another $30 cash.
So, my wallet isn't up $130 plus a sack of goods?
So, my wallet isn't up $130 plus a sack of goods?
Posted on 12/10/23 at 11:12 pm to The Boat
Sigh. Fine.
Posted on 12/10/23 at 11:17 pm to Sao
Nah, your wallet is up $100.
You still have the $70 you would have spent on the good plus the $30 the store gave you.
You still have the $70 you would have spent on the good plus the $30 the store gave you.
Posted on 12/10/23 at 11:21 pm to Seaux_cal_tiger
240
Initial debit 100
Goods 70
Cost of goods 70
240
Initial debit 100
Goods 70
Cost of goods 70
240
Posted on 12/10/23 at 11:26 pm to mrservon
quote:
$200
Thats my guess
Posted on 12/10/23 at 11:36 pm to Seaux_cal_tiger
quote:
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?
This is more complicated than it seems.
What sort of items did the man purchase? Do these items usually sell out at the store, or does the store usually take a loss on this inventory?
This is important context because it would be the difference in losing the full $70 value or whatever the cost value of those items actually was.
Regardless, the store loses $30 as the floor.
ETA: Question isn't how much money he stole. It's how much money the store lost.
This post was edited on 12/10/23 at 11:39 pm
Posted on 12/10/23 at 11:41 pm to Seaux_cal_tiger
If I robbed you of $100, but before I walk away I say nah, here’s $70 back. You’re down $30. And on the way out I take $70 worth of your goods, in my possession I have $70 worth of your goods and $30 of your cash. What you have is $30 less, and are missing $70 worth of goods. There’s no other way to slice it.
The store is down $30 cash and however much it cost them to buy the goods, not sell them. The question was how much money did the store lose.
The store is down $30 cash and however much it cost them to buy the goods, not sell them. The question was how much money did the store lose.
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