See if you can get this Maths Question right

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royaldank

Diamond Member
Apr 19, 2001
5,440
0
0
Worded horribly.

How much did he loose? Depends on what you really mean.

$100 is a wash. Forget about it.

$79 in change he's lost. Now, he's also lost the product so that's $18 at cost. But, he would have sold it at $21 so you could factor that either way. He's loosing the sale price.

So, either $100 or $97 depending on whether you factor in the "would be sale" versus the actual price.
 

xospec1alk

Diamond Member
Mar 4, 2002
4,329
0
0
Originally posted by: mobobuff
Originally posted by: HonkeyDonk
i want to say $118.

In the end, he has to give back $100 to his neighbor and he's out of the product.

so -$100 and -$18. -$118 total.

Yeah, but that's the problem with math. You can't just say "in the end", because when you do that, you're skipping a bunch of important equations. You have to factor in EVERYTHING, math is very anal.

but he also got the $21 from the dude to begin with, so 97?
 

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
0
Originally posted by: royaldank
Worded horribly.

How much did he loose? Depends on what you really mean.

$100 is a wash. Forget about it.

$79 in change he's lost. Now, he's also lost the product so that's $18 at cost. But, he would have sold it at $21 so you could factor that either way. He's loosing the sale price.

So, either $100 or $97 depending on whether you factor in the "would be sale" versus the actual price.

but he did sell it at $21 thus making $3.
 

DAGTA

Diamond Member
Oct 9, 1999
8,172
1
0
$97

He had to pay for the $100 bad note, but he received $100 'good' money from it the first time, so that evens out. $0
He lost a product worth $18.
He gave $79 in 'good' money to the 'customer'.
 

SagaLore

Elite Member
Dec 18, 2001
24,036
21
81
He lost $72 in product cost. But he lost $100 because of the bill. But he also gave the guy back $16 in change. So in total, he lost $188.
 

MobiusPizza

Platinum Member
Apr 23, 2004
2,001
0
0
Sorry about the confusing question. Itshould be better now.

To summarise:

The buyer gave shopkeeper a $100 courtfeit note
Shopkeeper gave the buyer the marked $21 product and change of $79
Shopkeeper paid his neigbour $100 to compensate the courtfeit note

Hmm I'd leave this on for a while for others to have a chance to think
Good efforts so far
 

rgwalt

Diamond Member
Apr 22, 2000
7,393
0
0
Well, he had to give the neighboring shop $100, and he lost the product itself, valued at $18, so I would say $118.

R
 

Amused

Elite Member
Apr 14, 2001
57,394
19,739
146
Originally posted by: SagaLore
He lost $72 in product cost. But he lost $100 because of the bill. But he also gave the guy back $16 in change. So in total, he lost $188.

Um, no. He merely owes his neighrbor $100. He kept $21 of that 100, but lost an $18 item.

If you count his lost profits, he's out $100. If you don't, he's out $97.
 

tennisflip

Golden Member
Sep 25, 2003
1,845
0
0
Originally posted by: AnnihilatorX
Sorry about the confusing question. Itshould be better now.

To summarise:

The buyer gave shopkeeper a $100 courtfeit note
Shopkeeper gave the buyer the marked $21 product and change of $79
Shopkeeper paid his neigbour $100 to compensate the courtfeit note

Hmm I'd leave this on for a while for others to have a chance to think
Good efforts so far


Does anyone have it right so far?
 

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
0
Originally posted by: SagaLore
He lost $72 in product cost. But he lost $100 because of the bill. But he also gave the guy back $16 in change. So in total, he lost $188.

where are you getting this $72 and $16 change?
 

royaldank

Diamond Member
Apr 19, 2001
5,440
0
0
Originally posted by: HonkeyDonk
Originally posted by: royaldank
Worded horribly.

How much did he loose? Depends on what you really mean.

$100 is a wash. Forget about it.

$79 in change he's lost. Now, he's also lost the product so that's $18 at cost. But, he would have sold it at $21 so you could factor that either way. He's loosing the sale price.

So, either $100 or $97 depending on whether you factor in the "would be sale" versus the actual price.

but he did sell it at $21 thus making $3.

I'm suggesting that if he had a proper $100 bill, he's making $3 more than this scenerio. Strickly speaking his price, then $97, but he would have stood to make that $3 from a valid sale.
 

mobobuff

Lifer
Apr 5, 2004
11,099
1
81
Originally posted by: DAGTA
$97

He had to pay for the $100 bad note, but he received $100 'good' money from it the first time, so that evens out. $0
He lost a product worth $18.
He gave $79 in 'good' money to the 'customer'.

Fast edit.
 

MobiusPizza

Platinum Member
Apr 23, 2004
2,001
0
0
Originally posted by: tennisflip
Originally posted by: AnnihilatorX
Sorry about the confusing question. Itshould be better now.

To summarise:

The buyer gave shopkeeper a $100 courtfeit note
Shopkeeper gave the buyer the marked $21 product and change of $79
Shopkeeper paid his neigbour $100 to compensate the courtfeit note

Hmm I'd leave this on for a while for others to have a chance to think
Good efforts so far


Does anyone have it right so far?

Yes there is :)
 

nwfsnake

Senior member
Feb 28, 2003
697
0
0
Mr Brown (Customer) - Came into store with essentially nothing, Left with $79 and product selling for $21, costing Mr Anderson $18. Netted at least $97, maybe $100.

Mr Anderson (Shopkeeper) - Gave away product which cost him $18 (retailed for $21),
gave Mr Brown $79 in change, gave neighbor shopkeeper $100.

Neighbor Shopkeeper - Gave Mr Anderson $100, got $100 back eventually.

Soooo, Mr Anderson lost the $79 in change, the $100 he had to give to neighbor shopkeeper, and the product (your choice is it $18 or $21).

$100 + $79 + $18 = $197
$100 + $79 + $21 = $200

Lets average and call it $198.50!
 

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
0
Originally posted by: royaldank
Originally posted by: HonkeyDonk
Originally posted by: royaldank
Worded horribly.

How much did he loose? Depends on what you really mean.

$100 is a wash. Forget about it.

$79 in change he's lost. Now, he's also lost the product so that's $18 at cost. But, he would have sold it at $21 so you could factor that either way. He's loosing the sale price.

So, either $100 or $97 depending on whether you factor in the "would be sale" versus the actual price.

but he did sell it at $21 thus making $3.

I'm suggesting that if he had a proper $100 bill, he's making $3 more than this scenerio. Strickly speaking his price, then $97, but he would have stood to make that $3 from a valid sale.

ah, gotcha.
 

Amused

Elite Member
Apr 14, 2001
57,394
19,739
146
Originally posted by: richardycc
he is out $200, but has a fake $100 note.

WTF? How is he out 200?

He borrowed $100 from his neighbor using a fake $100 bill. He now ows his neighbor $100.

The 100 is a wash, folks.

Quite simply, if you count his lost profits, he's out $100. If you don't, he's out $97.
 

Pantoot

Golden Member
Jun 6, 2002
1,764
30
91
Originally posted by: nwfsnake
Mr Brown (Customer) - Came into store with essentially nothing, Left with $79 and product selling for $21, costing Mr Anderson $18. Netted at least $97, maybe $100.

Mr Anderson (Shopkeeper) - Gave away product which cost him $18 (retailed for $21),
gave Mr Brown $79 in change, gave neighbor shopkeeper $100.

Neighbor Shopkeeper - Gave Mr Anderson $100, got $100 back eventually.

Soooo, Mr Anderson lost the $79 in change, the $100 he had to give to neighbor shopkeeper, and the product (your choice is it $18 or $21).

$100 + $79 + $18 = $197
$100 + $79 + $21 = $200

Lets average and call it $198.50!

In the accounting for Mr Anderson you forgot the neighbor gave him $100 (which you included in your accounting for the neighbor.)
 

HonkeyDonk

Diamond Member
Oct 14, 2001
4,020
0
0
Originally posted by: Amused
Originally posted by: richardycc
he is out $200, but has a fake $100 note.

WTF? How is he out 200?

He borrowed $100 from his neighbor using a fake $100 bill. He now ows his neighbor $100.

The 100 is a wash, folks.

Quite simply, if you count his lost profits, he's out $100. If you don't, he's out $97.

the pefect answer.