how much money was lost?

Question

Mr. Nelson’s Shoes Mr. Nelson manages a shoe store. One day a man came into the store right after it opened and before Mr. Nelson had a lot of change in the register. The man purchased a pair of shoes that cost $80 and gave Mr. Nelson a $100 bill. Mr. Nelson did not have change, so he went next door and exchanged the $100 for five $20 bills. He gave the customer his shoes and $20 in change. Later, the cashier next door heard there were some counterfeit bills being passed, so she asked Mr. Nelson for five $20 bills, which Mr. Nelson now had, in trade for the $100 bill. Shortly after that the police arrived and determined that the $100 bill was counterfeit and confiscated it. Who lost money? How much money?

Answer 1

The store next door didn't lose anything because

they got their hundred dollars back in the form

of 5 twenty dollar bills.

 

Mr. Nelson is out the $100 which was confiscated,

plus the $20 change he gave to the customer, plus

the $100 he gave to the clerk next door,

plus the $80 pair of shoes.  Mr. Nelson has lost

$300.00.