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

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At the end of the day all expenses are paid for with total revenue. Revenue has to exceed expenses or you ain't gonna make it long. Again, there are all manner of smart folks coming up with all manner of smart words, phrases and ideas but at the end of the day business is as simple as me providing a service or a product to you at a price you are willing to pay and a price that allows me to eat. You can call it Aunt Sandy if you like, it makes no difference what the words are, the numbers are what they are and your 9 and my 9 are the same 9 and the same as eerybody else's....shoplifting costs consumers, not companies and not retailers.

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So the reason health insurance is so expensive is because providers have to gouge the paying customers to offset the loss they incur from their indigent customers.

He stole $100

It’s $100. The fact he came back and bought something is completely irrelevant

Everything will balance except for the $100 that was stolen. No actual CPA should struggle with this

If this occurred in California, there was no crime to begin with.
So, the store actually profited in the $70 sale.
In every other state, the store loses.

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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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First you assumed it was a male and not a ma’am and are out thousands or more in the lawsuit…


The scenario was probably vague on purpose and not specifically about accounting buckets or theft total and was just to start conversations amongst the group.

Product could be loss leaders and below cost or could be almost pure margin, but scenario doesn’t include the margin or other associated costs involved like if employee got additional pay for the sale, or taxes on any net income from the sale’s added revenue. If last items they could have lost a customer over not having them in stock anymore. With given info there is no way to calculate any net income or loss attributable solely to this sale.

The only thing for sure is that the store is missing $100 in cash, and the person stole that $100 in cash.

If a guy uses a fake $100 bill to pay for this same $70 sale or as part of the payment for a $700 sale the store is for sure the store will be short $100 in cash.

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riddle:
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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Going strictly by these words (and being called a riddle) I guess technically the store didn’t “lose” any money as the $100 was stolen from the store not lost by the store.

I’m glad we don’t do stuff like this at work because I’d straight up call anyone with an answer different than $100 an idiot to their face

Bidens inflation factored in?

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The goods are irrelevant with the way the question is worded. $30. Final answer.

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Wrong answer

The items the thief purchased were 7 white T-shirts. The actual cost of the shirts to the store were $5, and the store sells them for $10

Within minutes another paying customer walks in and asks where he could find white T-shirts, and is told they just sold out

So the store actually lost the cash from the paying customer, which would have offset the cost they were already out for the purchase of the white T-shirts

$35 in merch, $35 profit from sale, and $30 in change = $100