Value or Lateral Thinking Lets See

JC
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#694992

Owner lost $30 in monetory value... and $70 worth of goods...

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Craig Pienaar
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#694993

chicken n chips wrote: Maybe the thief is the storekeeper himself and as he suffers from dementia he took the 100 to back a horse as he read ABC but when he got to the tatts he forgot why he was there in the first place He then remembered that his wife wanted to bring home a toaster from the store that he owns and as he runs a good business he paid for the toaster with the 100 and gave himself the 30 bucks change He had no money stolen from him as you can’t steal your own money or could you? Maybe the money that he has is the money from his overdraft which theoretically belongs to the bank In that case he stole 100 from himself and the bank so tbut he did have a 70 toaster and 30 bucks in cash He could return the toaster and get a refund and put the 70plus the 30 back in the register but he won’t because as I said he has dementia and obviously has no idea what transpired

Chicken , did u ever own a shop :whistle:

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Andycap
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Re: Re:RE: Value or Lateral Thinking Lets See

7 years 7 months ago

#695015

easy wrote: Answers Please

How smart are you? A guy walks into a store and steals a $100 bill from the register without the owner’s knowledge.

He then buys $70 worth of goods using the $100 bill and the owner gives $30 in change.

How much money did the owner lose?

$30, $70, $100, $130, $170, or $200?

The owner only lost $30.

The owner lost $70 worth of goods... but the answer to the question is $30.

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Do not follow where the path may lead.
Go to where there is no path.....
AND LEAVE A TRAIL

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mr hawaii
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Re: Re:RE: Value or Lateral Thinking Lets See

7 years 7 months ago

#695028

Andycap wrote:

easy wrote: Answers Please

How smart are you? A guy walks into a store and steals a $100 bill from the register without the owner’s knowledge.

He then buys $70 worth of goods using the $100 bill and the owner gives $30 in change.

How much money did the owner lose?

$30, $70, $100, $130, $170, or $200?[/quote

The owner only lost $30.

The owner lost $70 worth of goods... but the answer to the question is $30.

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His till will be short $100 when he cashes up - If the thief took the 100 and walked out and the next customer bought the $70 would you still think he lost stock?

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Titch
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695076

His monetary loss would be $30 plus his cost on the $70 stock the thief took...

Give everything but up!

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mr hawaii
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695080

Titch wrote: His monetary loss would be $30 plus his cost on the $70 stock the thief took...

if he cashed up his till after the transaction(or after the theft - either or) his till would be 100 short - that cannot change ever unless he does not record the sale and just adds the $70 to his float. The sale is a red herring and could have been a legitimate one - The thief is enriched by $100 - cash $30 goods $70 - The thief could have left the store and bought else-ware and he would still have gained the same monetary value in cash and goods . The equation equals out-One gains 100 one loses 100

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johnnycomelately
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695198

I really don't care how much he lost, but i am prepared to wait365days for the answer :lol:

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CnC 306
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695207

johnnycomelately wrote: I really don't care how much he lost, but i am prepared to wait365days for the answer :lol:

Talking about which, let me go and find that thread

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Titch
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago - 7 years 7 months ago

#695217

Titch wrote: His monetary loss would be $30 plus his cost on the $70 stock the thief took...

If the cost of the stock which was purchased for $70 was say $50 then the shopkeepers loss would be $150,ie $100 stolen + $50 cost for stock purchased with stolen money, less the $70 paid when purchase was made,which would leave a shortfall of $80.00

Give everything but up!

Last edit: 7 years 7 months ago by Titch.

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Bob Brogan
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695220

Titch wrote:

Titch wrote: His monetary loss would be $30 plus his cost on the $70 stock the thief took...

If the cost of the stock which was purchased for $70 was say $50 then the shopkeepers loss would be $150,ie $100 stolen + $50 cost for stock purchased with stolen money, less the $70 paid when purchase was made,which would leave a shortfall of $80.00

The exact answer is actually impossible, that’s why I said “$100 let the geniuses work the rest out”

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the good
Premium Member
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695238

The answer is 30 from a mug trainer !!
100 went out ,100 came back in , 30 went out. So money lost is 30.
No wonder i have no clue, stock is ?? Money??

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Thor
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Re: Value or Lateral Thinking Lets See

7 years 7 months ago

#695253

Actually now that I think about it, it has become clear that Mr Hawaii is correct. The sale is a red herring and irrelevant to the question of how much he lost, as it was a legit sale, as if any other customer were to buy stock from him. He lost his 100, and that is what he lost in total. 100.

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