Come in and test your knowledge brehs

[Ms. Elaine]

$170

Stay in school.

 

[Ms. Elaine]

Going with $100

He gave the store owner back his $100 in exchange for $70 of merchandise and $30 out the register.

When trying to be too smart by half goes horribly wrong.

 

[Ms. Elaine]

$100

The store owner got back his initial $100 when the thief came back. But the owner basically gave away $70 worth of goods and $30 extra (as change)

The question specially asked how much money the owner lost. While those goods have value, they are not money.

 

[EndDomination]

Brehs who don't know the difference between Accounting and Economic costs are really showing out in this thread, trying to spin a simple answer
Its $100, don't talk about markup, inflation, devaluation, quantitative easing, none of that is a part of this problem

 

[Ineedmoney504]

Breh it's 100$ still. He only loss the initial 100. U chalk that 100 as a loss, anything else gained in profit. Regardless If they stole it or not. U only losing 100 goofies

 

[Throwbacksample]

Owner lost 60 dollars

 

[Ineedmoney504]

You brehs need to take a business class. All items in stores are insured. So now that you know that info. Re calculate how much the owner lost, a little bit of common sense goes along way.

Not true. U can't get shyt back from something u don't know u loss.

That's like Walmart. They have inventory every year. They count the total loses of everything in the store comparing what they should have to what the actually have.

When they calculate the data on what they loss they don't get the money from that. They have to eat the L. If something is damaged then yea they can send it back to the distribution center and recover some of the loss, but u can't get nothin back from something u can physically touch.

 

[Bilz]

The question specially asked how much money the owner lost. While those goods have value, they are not money.

The question never specified that the store owner owned the goods. Maybe the goods were consigned. Maybe they are owned but there is a rebate or dealer allowance and the owner will get a cash kick back anyway.

The question also didn't specify the time period of the loss. It asked how much money the lost, but it didn't specify if it was referring to this particular series of transactions or if other events from a specific time period were included. Maybe he now has to pay out of pocket to replace the item from to maintain a minimum inventory. And the use of the word "money" can mean a lot more than just cash on hand.

When a question is designed to penalize assumptions, it shouldn't also require assumptions.

 

[phobos:\\]

When trying to be too smart by half goes horribly wrong.

When the owner looks into his books how much is going to be missing?

You can completely negate the crook from this situation for now. I, an honest customer, pay $70 for products with a $100 bill. The owner gives me $30. Now a crook takes $100 from the same store. The owner is missing $100 and it will show that in the books.

The crook reentering the store is just a red-herring in the original scenario.

 

[Klyk21]

Where is the answer....its page 4?!? I know how much OP about to lose if he don't come in here and tell the people the correct one soon Ill give you a hint, it ain't green and it rhymes with eggs

 

[Gil Scott-Heroin]

You brehs need to take a business class. All items in stores are insured. So now that you know that info. Re calculate how much the owner lost, a little bit of common sense goes along way.

This nikka doesn't know what he's talking about.

 

[BodeineBrazy]

i got 200... im pretty sure about that.

 

[MrWestGrand]

$100

 

[MrWestGrand]

The question specially asked how much money the owner lost. While those goods have value, they are not money.

Ok, 30 bucks.

 

[Higher Tech]

Unless you know the margins on the products, you can't really answer.