Hey pirc1 I want to post this at another forum. Anyway you can get me the answer via email or something?
Yeah. How are people getting $100+? Store owner is down $18 before the guy comes in. Gets $100, so he's momentarily up $82. Gets change. Gives $79 to the guy. Up $3. Has to give $100 to the other store. Down $97.
ok i get $176. here's my thinking: the guy sells a jacket for $21 after it costs him $18, so up until he finds out the note was counterfeit...he has a net profit of $3 but then he has to pay back $100 to the store owner, and then the additional $79 back to the customer. $3 - $100 - $79 = -$176 no?
here's another super hard question, some of you might recognize it: a man is in debt 18 dollars (-18), someone decides to help him out and gives him 21 (+21) bucks for a ratty old jacket. the man is happy until he realizes he owes 100 (-100) dollars to his best friend. after paying his friend he is sad, because he has lost ____ dollars. hopefully this one gets more right answers.
I say $97. He is selling the jacket at a profit of $3 (since it only cost him $18). He has to give $100 back to the other store owner, so $100 - $3 = $97.
What makes some of you think that the shady young guy would come back in with the jacket? Since he gave a counterfeit $100, he's probably in another state by the time the store owner realizes he has been had.
This is f'in r****ded. The guy borrowed a counterfeit one so he has to pay back $100? What kind of BS is this? If I borrowed a buck and sombody told me I owed them $100 because it was fake, I'd beat the crap out of them for trying to scam me. F You Jazzhole, I won't even give you a dollar back. You knew that sh*t was fake when you gave it to me.
that missing piece that you think is important is probably what is confusing people. that piece is irrelevant.
- $18 (cost of jacket) + $100 (essentially, he borrowed $100 from the neighboring store owner. he gave him $100 from the customer which is NOT HIS MONEY in exchange for $100 in $1 bills from the neighboring store owner) - $79 (change to the customer - $100 (he gave $100 back to the neighboring store owning since the original $100 was counterfeit.) = $97 loss.
Good looking out, I jumped to the wrong conclusion until I went through it logically on paper: owner loses $18 real (cost of the jacket) owner gains $100 fake (from customer) owner loses $100 fake (change from next door neighbor) owner gains $100 real (") owner loses $79 real (gives change back) owner loses $100 real (pays neighbor back for counterfeit) add up the real numbers: -18 + 100 - 79 -100 = -$97 Another way to think about it: I, the owner, paid $18 for the cost of the jacket. I get a fake counterfeit 100 and give back $79 real money from my register. Getting change from the neighbor is kind of an illusion, because in the end the neighbor breaks even and is inconsequential. ...I think
We learned it at the same place you learned grammar, apparently. But yeah, the only money coming out of his pocket is the cost of the jacket & the reimbursement to the neighbor. The rest of the stuff is just noise. $97
