Who has the right answer?!
Good morning Steemians 😊
So I came upon this question on facebook and decided to have a discussion/conversation here on steemit.
What do you think is the correct answer?
Specify why you think so we can all see your reasoning.
I have seen pretty much most answers on there so I am hoping together we can come up with the correct answer. 👍
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Ohhh... Math and logic... lol
So... It looks like the owner lost $30 cash and $70 in retail, but the loss in his faith in human decency is priceless once he figures out he's been robbed.
Lol @merej99! Frustrated?
The owner is not aware of her stealing the initial $100. So shes paying with the stolen money. He might be confused when he checks his register snd is $30 short. So would your answer be C?
100 :0)
Why do you think 100 @meesterboom? 😊
Hehe, the amount stolen was 100. The transaction after also amounted to 100. All that happened was an exchange of the sum total of 100. First she had a note with that much then returned that and had 70 of goods and 30 of cashola :0)
Thank you @meesterboom! 😊This is my thinking too! It still amounts to $100 stolen at the end.
Yay!! It does indeed. It's always the wording that is used that makes it seem harder than it is!
I think the answer is $100, but @elbiasto has a point on the actual cost of goods, which is an unknown. But that's probably overthinking it ;)
Yes maybe we all overthink situations... thanks for your comment @aboutyourbiz!
Well, how "realistic" do we want to get?
The owner is first out $100 cash.
Then the owner is out $70 RETAIL goods and $30 cash.
If we assume a standard "keystone" markup, the owner probably paid $35 for the goods.
So, in terms of "fiscal loss," the owner is out $65 net... so "none of the above."
That is really interesting @denmarkguy. Nobody has said "none of the above" until you :) Yes retail is always paid less by owner than the customer...customer always pay so much more...He would have however sold those items for $70 retail, and lost $30 in cash....so to me it is the same as $100 bill she initially took.
A good question to make you think :) Thank you for participating!
The woman wen in wit 0$ and left with 70$ worth of goods and 30$ ... so the owner lost 100$ but I think correct solution should be 70$ because the owner sells the goods for more than he had bought them .
That is an interesting point of view @elbiasto! Thank you so much for commenting!