See if you can get this Maths Question right

MobiusPizza

Platinum Member
Apr 23, 2004
2,001
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0
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 :/
 

mobobuff

Lifer
Apr 5, 2004
11,100
1
81
I'd attempt to answer it if the question wasn't so convoluted and awkwardly worded.

So I'll just say $42.
 

nwfsnake

Senior member
Feb 28, 2003
697
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OK, I'll bite, $118.

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

xospec1alk

Diamond Member
Mar 4, 2002
4,329
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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...
 

mordantmonkey

Diamond Member
Dec 23, 2004
3,075
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97... kept thinking it was a trick...wtf? is it? $97 was an easy answer, is there something i don't see?
 

amoeba

Diamond Member
Aug 7, 2003
3,162
1
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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.
 

spacejamz

Lifer
Mar 31, 2003
10,775
1,378
126
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

Diamond Member
Dec 23, 2004
3,075
5
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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
 

mordantmonkey

Diamond Member
Dec 23, 2004
3,075
5
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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. ;)