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  1. #1
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    Test your college education while you wait..

    Store owner (A) bought a gadget for $15 and marked it for sale at $20. A man came in and bought the gadget with a $100 bill. The owner did not have enough change, so he went next door to store owner (B) to break it. He came back and sold the gadget to the man for $20.

    Later, store owner (B) came back and showed store owner (A) that the $100 bill was fake. Store owner (A) had to give him $100 real dollars for the fake bill.

    Question:

    What was the total loss incurred by store owner (A) ?



  2. #2
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    Re: Test your college education while you wait..

    $15 for gadget+$80 channge to customer+$100 to other store owner=$195 loss



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    Re: Test your college education while you wait..

    My answer is .....








    $195?



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    Re: Test your college education while you wait..

    His total loss was $95



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    Re: Test your college education while you wait..

    $115 I hope



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    Re: Test your college education while you wait..

    Quote Originally Posted by thunderdave View Post
    My answer is .....

    $195?

    thats my guess.


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    Re: Test your college education while you wait..

    $115?????



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    Re: Test your college education while you wait..

    $95. $80 in change and $15 in product.


    Last edited by cyclonekj; 11-17-2006 at 03:27 PM. Reason: Stupid fingers!
    Yeah well, ya know, that's just, like uh, your opinion, man.

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    Re: Test your college education while you wait..

    $95......$100 to owner B less his $5 mark-up.


    Last edited by Todd; 11-17-2006 at 03:27 PM.

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    Re: Test your college education while you wait..

    Quote Originally Posted by cyclonekj View Post
    $85 in change and $15 in product.
    Is that not $100?



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    Re: Test your college education while you wait..

    i come up with $195.

    $15 for the product, $80 in change to the customer, $100 to cover the fake bill.


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  12. #12
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    Re: Test your college education while you wait..

    Get's 100 real dollars from B. Give buyer $80 change. So, he's in the hole $80. Plus the $15 he bought the item for. then he has to give B another $100. So, I'll go with $195 as well.



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    Re: Test your college education while you wait..

    I agree with clonekj.. $95 can I swithch my answer....not a math major.



  14. #14
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    Re: Test your college education while you wait..

    Gave $15 for product. Had $20 left over after giving $80 change. Gave $100 to next door store owner. -15-100 = -115 + 20 = -95. The other $100, all he did was pass a fake bill from the customer to the next door owner, no cost to him involved.



  15. #15
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    Re: Test your college education while you wait..

    $180

    $80 in change, $100 to cover fake. But he pocketed one real twenty during the transaction of the item, so that covered the cost of the item.



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