Denise N.

asked • 11/05/17

How much did owner lose?


A guy walks into a store and steals a $100 bill from the register with out the owners knowledge. He comes back 5 minutes later and buys $70 worth of goods with the $100 bill the owner gives him $30 in change how much money did the owner lose?

1 Expert Answer

By:

Arturo O. answered • 11/05/17

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Andrew M.

So he's out $70 merchandise + $30 cash = $100
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11/06/17

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.
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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.
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02/28/19

Phil C.

Both wrong answer is $200 $130 cash $70 goods
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09/24/22

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