A young man came into a clothing store and bought a jacket. The jacket was priced at 21 dollars and costs the store owner 18 dollars. The young man gave the store owner a one hundred dollar bill to pay for the jacket. The owner did not have enough changes so he went to a neighboring store and got one hundred dollars of change. He then gave 79 dollars back to the young man. A short while later the neighboring store owner told him the bill was a counterfeit bill, so the store owner had to give one hundred dollars back to the neighboring store owner. The question is how much money had the store owner lost during this business transaction.
$197 Spoiler Cost of jacket - $18 Change to customer - $79 Reimbursement to neighbor - $100 All for the want of a $3 currency pen.
It seems like there are two transactions... 1) owner and young man 2) owner and neighbor If you are counting the jacket as an $18 asset, then the net loss is $118. If you're only looking at the second transaction, then the loss is $121.
where did you guys learn math. its 79. 97 if the transaction includes the purchase of the jacket initially.
