See if you can get this Maths Question right

[MobiusPizza]

It's said 9 out of 10 uni students get this wrong
Don't spoil if you have came across this:

Mr. Anderson is a shopkeeper at a local town. He was selling a product to Mr. Brown. The product has a marked price of $21 while the cost price of it is $18. Mr. Brown decided to buy it with his $100 note. Unfortunately Mr. Anderson ran out of change. He swapped the $100 bank note for some change in a neigbour shop. He gave the Mr. Brown the correct change and Mr. Brown left.

Soon the neighbour shopkeeper realised the banknote is a counterfiet. Our Mr. Anderson had no choice but to pay his neigbour $100.

How much in total had our poor Mr. Anderson lose?

*Marked price - The price tag of the product to customers
*Cost price - The per unit cost of the product bought from the wholeseller to the shop

Corrected. Lol sorry apparently I didn't proof read my writing. Sorry for the confustion :/

 

[Malak]

$97

 

[mobobuff]

I'd attempt to answer it if the question wasn't so convoluted and awkwardly worded.

So I'll just say $42.

 

[nwfsnake]

OK, I'll bite, $118.

Edit: This is wrong and my new answer appears many threads below!

 

[amoeba]

$100

 

[xospec1alk]

OK here it is...

-18(cost) + 21(profit) - 100 (to pay back shop owner) = -97

if you factor in that he could have sold the item for 21 bucks, its a loss of 100...

 

[artikk]

$103

 

[tennisflip]

What do u mean by marked and cost price?

 

[CRXican]

Originally posted by: nwfsnake
OK, I'll bite, $118.

i agree

 

[MiniGolfIsFun]

Meh. I'll go with $97 also.

 

[artikk]

markup 3 dollars $18 + $3 = $21
cost price 18 dollars originally.

 

[mordantmonkey]

97... kept thinking it was a trick...wtf? is it? $97 was an easy answer, is there something i don't see?

 

[nwfsnake]

Or only $18 if he can pass the bill to someone else!

Edit: Again, wrong. See below!

 

[amoeba]

the deal with the $21 and the $18 is obviously extra info that doesn't need to be there and I stand by my initial answer of $100.

82 in cash, 18 in product.

 

[dabuddha]

$97

 

[paulney]

97

 

[mchammer187]

doh it is 97 heh

 

[spacejamz]

Originally posted by: tennisflip
What do u mean by marked and cost price?

it actually cost $18 to make the product, but they are selling it at $21 (so they are making a $3 profit on it)...

 

[mordantmonkey]

Originally posted by: amoeba
the deal with the $21 and the $18 is obviously extra info that doesn't need to be there and I stand by my initial answer of $100.

82 in cash, 18 in product.

no he lost 79 in cash 18 in product... he gave change for the item selling for 21 not 18

 

[Malak]

What's my prize?

 

[Dman877]

Originally posted by: KruptosAngelos
$97

 

[silverpig]

Originally posted by: KruptosAngelos
$97

This is my answer as well.

He's out $79 in change, and an $18 item.

 

[Fingolfin269]

Originally posted by: CRXican

Originally posted by: nwfsnake
OK, I'll bite, $118.

i agree

 

[mordantmonkey]

Originally posted by: nwfsnake
Or only $18 if he can pass the bill to someone else!

if he could pass the bill to someone else he would make $3 from the profit of the sold item.

 

[royaldank]

$197