re: Help with riddle - How Much Money Did The Store Lose?

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How much money did the store lose?

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Since he gave the $100 back and the question is how much money it lost, I’d say the $30 in change they gave him. The $70 is goods stolen not money.

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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?

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Depends what the markup on the goods he bought is. Value of goods bought by stolen money to the store is wholesale value since they retain the profit on the goods from the sale. Assume markup of 10%

63 dollars wholesale value of goods plus 30 in change, 93 dollars stolen. They kept the 7 dollar profit. But this is only if you know the guy who stole it bought goods with stolen money. If you don’t know these facts, it’s no different than if he stole 100 dollars and another customer came in and bought the same goods with a non stolen 100 dollar bill.

At the end of the day the cash register balance will be short 100 dollars

70 in goods and 30 in cash = 100 net loss. He put the 100 back so it's immaterial to the query.

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From an accounting perspective, $30 plus the store’s cost of the item stolen. From a legal perspective, $100 total worth of cash and merchandise.

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this was also my answer

Store lost 100

Then trades 70 for 100, so the store has now lost 70

Then gives back 30, so 70+30 = 100

The correct answer is $500 for insurance claim purposes.

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From an accounting perspective, $30 plus the store’s cost of the item stolen. From a legal perspective, $100 total worth of cash and merchandise.

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This plus 5 in labor for stocking and check out paid from money they already had in hand. Unless he used self checkout.

$170

More or less, depending on their cost of goods stolen

$130

+100
-70
+70
+30
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130

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Whether the cost of goods sold should be considered has been then point of contention.

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The phrasing of question was $70 worth of good. Cost and markup should not be considered.

Not enough info. Need to know the store’s cost of goods.

Without knowing that. The guy steals $100, gives $100 back, but receives $70 in goods plus $30.

The guy stole $100 overall, but the store lost the cost of goods plus $30, so in reality, it is somewhere less than $100.