Solve this problem: how much did the owner lose?

Depends on what the sales tax is

Nothing, because the owner has the thief on tape.


After the thief leaves the owner follows him home and notes where he lives.

Later that night, the owner breaks into the thiefs house, ties the thief to his bed, and proceeds to remove everything of value from the house.

Once he is finished, he pours gasoline on the bed and lights a candle, placing it on the thief’s stomach. “Be careful,” the store owner tells him, “you wouldn’t want anything to get caught.”


Then he leaves with all the loot. As he drives away he can hear the pained screams of the thief as the bed catches.


The next day the thief’s goods are for sale at the store...and the owner sees another person stealing...

Depends on his Cogs and the sales tax rate, if the items are taxable.

Facebook trivia on tO-T, alrighty then.

$100

No reported loss on the sold item.

Cash lost: $30
Value lost: $30 + $70 worth = $100

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After the thief leaves the owner follows him home and notes where he lives.

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Then he skins him and turns his flesh into beef jerky. Little packages of jerky sell for like $5 each. The owner will make a hefty profit from his $100 by the time he sells all that jerky.

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Gained $70 cash

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if I give you your own money back, you didn't gain it

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3. Lost $30 cash = $30 value

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No. He was giving back $30 of the dollars already stolen... not an additional $30.

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What says the OT?

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$30 plus whatever his cost was for the $70 worth of shite.

< $100