
Arturo O. answered 11/05/17
Tutor
5.0
(66)
Experienced Physics Teacher for Physics Tutoring
He still lost $100.
The $70 purchase is irrelevant. It amounts to exchanging stolen cash for goods that were not paid for, so the owner gets nothing back from the $70 "purchase." Had he not given back $30 in change, he would be out by $70. At the end he is still out by $100.

Austin C.
No, Because the 100 debit and credit cancel each other out. The till will read -100 But the actual loss in MONEY (this is important) is only $30. Sorry Professor. You are incorrect.
Report
02/28/19
Ricardo D.
Money is currency and that which can be traded for currency. IE Rolex watch, stocks, etc. So he was out the cost of those assets also, in your math. So 30+cost of sold merchandise.
Report
02/28/19
Phil C.
Both wrong answer is $200 $130 cash $70 goods
Report
09/24/22
Andrew M.
11/06/17