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97% of College Kids Cant Answer this Basic Question Correctly
12-06-2016, 07:26 AM
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#121
- iceypain
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Originally Posted By Burgerbuger⏩
let me ask you this: if the store lost 130 and the thief made out with 100, how do you account for the 30?You guys are either adding or subtracting value for the goods. The $70 stolen and paid for the goods = $0.
The gentle took $100 dollars from you and then you gave him an additional $30 bucks. The store is at a $130 loss.
The guy who stole the $100 got $70 worth of free goods on top of the $30 bucks in got back. The theif recieved $100 for free.
The gentle took $100 dollars from you and then you gave him an additional $30 bucks. The store is at a $130 loss.
The guy who stole the $100 got $70 worth of free goods on top of the $30 bucks in got back. The theif recieved $100 for free.
12-06-2016, 07:26 AM
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#122
- Bothang
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Originally Posted By Uptown83⏩
This!They were robbed of 100 dollars. End of story. The transaction afterwards has nothing to do with anything. Just confuses you.
Rep this man.
The transaction makes no difference, its just a normal sale after you have been robbed, therefore it doesnt change how much you lost. It would have been the same even if he never came back.
12-06-2016, 07:26 AM
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#123
- EvertonFC2010
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cost of the product + $30
12-06-2016, 07:26 AM
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#124
- GimpManlet
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Originally Posted By VTaperBrah⏩
Kind of depends, if the thief would have bought it anyway even if he hadn't been unable to steal the $100 bill, he would have lost $30 in cash and $70 in business. Like, the store owner will now sell one less of that item in total (think a carton of cigarettes "bought" by a regular, he won't be back with his own money until he's finished the carton). Similarly if the item is out of production and someone else was sure to buy it since it's a high demand item, the theft constitutes a loss of $30 cash, $63 or whatever of goods and $7 of profit.The owner lost $30 + the price he paid for the goods
The mere existence of this supposedly trivial riddle is indicative of lack of intelligence.
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12-06-2016, 07:30 AM
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#125
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Originally Posted By EvertonFC2010⏩
I think this would be the right answer.cost of the product + $30
I was thinking if we think the product was 70 bucks it would be like this:
-100 (thief stole this)
- 70 (product with stolen money)
+ 70 (he pays for it tho)
- 30 (30 bucks change)
comes out to be a total of -130 for the shopowner
12-06-2016, 07:31 AM
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#126
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Originally Posted By Anothersloth⏩
$70 was the retail value of the product, it doesn't mean that's how much the shop owner bought the merchandise for.I think this would be the right answer.
I was thinking if we think the product was 70 bucks it would be like this:
-100
- 70
+ 70
- 30
comes out to be a total of -130
I was thinking if we think the product was 70 bucks it would be like this:
-100
- 70
+ 70
- 30
comes out to be a total of -130
12-06-2016, 07:32 AM
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#127
- MuckSnapper
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Lol at people still trying to figure it out
Robbed 100
New transaction is irrelevant.
Robbed 100
New transaction is irrelevant.
There is no thing without nothing.
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12-06-2016, 07:33 AM
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#128
12-06-2016, 07:34 AM
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#129
12-06-2016, 07:34 AM
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#130
- proudmanlet
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Originally Posted By EvertonFC2010⏩
it is still the amount of cash he would've gotten from customer paying with their own money$70 was the retail value of the product, it doesn't mean that's how much the shop owner bought the merchandise for.
so the answer is white and gold
12-06-2016, 07:36 AM
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#131
- Burgerbuger
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Originally Posted By MuckSnapper⏩
Except giving change on a new transaction doesn't put them at more of a loss.
I made this same mistake brah
Store lost 100
I made this same mistake brah
Store lost 100
Originally Posted By iceypain⏩
Now that I think about it, you are guys are right. The transaction between the purchase and return in change, has no connection to the original $100.let me ask you this: if the store lost 130 and the thief made out with 100, how do you account for the 30?
Kindness is all that matters in life
12-06-2016, 07:37 AM
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#132
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Just LOL if you can't see the answer is $288
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12-06-2016, 07:37 AM
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#133
- EvertonFC2010
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Originally Posted By proudmanlet⏩
okay so you're accounting for opportunity cost but the question is how much money he lost, should we include opportunity cost in the amount of "money" he lost? I would certainly include it if the question was calculate his total economic loss.it is still the amount of cash he would've gotten from customer paying with their own money
so the answer is white and gold
so the answer is white and gold
12-06-2016, 07:39 AM
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#134
- MrDeafMuscle
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Originally Posted By EvertonFC2010⏩
Did it ask for that? No one has the time to go that deep on a "riddle" otherwise more facts would have been stated to help you calculate it.okay so you're accounting for opportunity cost but the question is how much money he lost, should we include opportunity cost in the amount of "money" he lost? I would certainly include it if the question was calculate his total economic loss.
12-06-2016, 07:39 AM
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#135
- FFailed
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Originally Posted By MuckSnapper⏩
If the new transaction is irrelevant would you rather someone steal $100 in cash from your store and never comeback or have him return 5 minutes later and spend it in your store?Lol at people still trying to figure it out
Robbed 100
New transaction is irrelevant.
Robbed 100
New transaction is irrelevant.
12-06-2016, 07:41 AM
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#136
- MrDeafMuscle
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Originally Posted By FFailed⏩
Literally wouldn't make a difference.If the new transaction is irrelevant would you rather someone steal $100 in cash from your store and never comeback or have him return 5 minutes later and spend it in your store?
12-06-2016, 07:41 AM
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#137
Originally Posted By Anothersloth⏩
The 30 bucks change was because he received 100 back.I think this would be the right answer.
I was thinking if we think the product was 70 bucks it would be like this:
-100 (thief stole this)
- 70 (product with stolen money)
+ 70 (he pays for it tho)
- 30 (30 bucks change)
comes out to be a total of -130 for the shopowner
I was thinking if we think the product was 70 bucks it would be like this:
-100 (thief stole this)
- 70 (product with stolen money)
+ 70 (he pays for it tho)
- 30 (30 bucks change)
comes out to be a total of -130 for the shopowner
If you get caught up in other peoples math you'll get fuked up.
You can ignore everything after -100, or play it out and it still comes to -100.
My Goofy ass compared the profit (from 100) to someone else's result of -30 (from 0) and goofed.
AP4 Crew.
12-06-2016, 07:42 AM
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#138
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He stole $100. The shop is out $100.
The second part of the question is irrelevant. It doesn't matter if he bought $10 of goods and received 90$ in change. Or bought $100 of goods and received $0 in change. Or bought $500 of goods and paid $400 of his own money plus the $100 he stole. He stole $100 and the subsequent transaction has no impact on that. All he is doing is exchanging one theft for another.
The only way the shop would be out of more or less money is if during the subsequent transaction the person at the register entered the wrong amount or gave the wrong amount in change.
The second part of the question is irrelevant. It doesn't matter if he bought $10 of goods and received 90$ in change. Or bought $100 of goods and received $0 in change. Or bought $500 of goods and paid $400 of his own money plus the $100 he stole. He stole $100 and the subsequent transaction has no impact on that. All he is doing is exchanging one theft for another.
The only way the shop would be out of more or less money is if during the subsequent transaction the person at the register entered the wrong amount or gave the wrong amount in change.
12-06-2016, 07:42 AM
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#139
12-06-2016, 07:42 AM
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#140
12-06-2016, 07:45 AM
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#141
- Burgerbuger
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Originally Posted By FFailed⏩
Obviously spend it in your store. The store owner will buy the goods cheaper and mark up the cost to earn profit. But the mark up cost is an unknown and cannot be applied here.If the new transaction is irrelevant would you rather someone steal $100 in cash from your store and never comeback or have him return 5 minutes later and spend it in your store?
Kindness is all that matters in life
12-06-2016, 07:46 AM
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#142
- MuckSnapper
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Originally Posted By FFailed⏩
You're a potato.If the new transaction is irrelevant would you rather someone steal $100 in cash from your store and never comeback or have him return 5 minutes later and spend it in your store?
the question is not how much did the theif gain it's how much the store lost.
The customer isn't relevant in this question. He is merely a transaction after that 100 was stolen.
There is no thing without nothing.
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12-06-2016, 07:50 AM
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#143
- J1n
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Originally Posted By MrDeafMuscle⏩
If you count the goods it does.Literally wouldn't make a difference.
Say the owner paid $50 for the goods and was sold at $70. Now the owner only lost $80 instead of the $100 since he profited from the sale.
Misc Work Crew
12-06-2016, 07:51 AM
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#144
- FFailed
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Originally Posted By MuckSnapper⏩
Who said anything about what the thief gains? All im saying is I'd rather lose $30 cash and $70 in goods that are marked up than $100 cash. This is just one of those crappy questions where people can have different answers. Maybe to you the 2nd transaction seems irrelevant from some answering a riddle standpoint but in real life if I was the store owner I'd rather him come straight back to use it.You're a potato.
the question is not how much did the theif gain it's how much the store lost.
The customer isn't relevant in this question. He is merely a transaction after that 100 was stolen.
the question is not how much did the theif gain it's how much the store lost.
The customer isn't relevant in this question. He is merely a transaction after that 100 was stolen.
12-06-2016, 07:51 AM
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#145
12-06-2016, 07:52 AM
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#146
- Zerafian
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depends on the whole sale value of the items he bought
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12-06-2016, 07:52 AM
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#147
- MuckSnapper
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Originally Posted By FFailed⏩
No one. That's my point.Who said anything about what the thief gains?All im saying is I'd rather lose $30 cash and $70 in goods that are marked up than $100 cash. This is just one of those crappy questions where people can have different takes on what the out come was. Maybe to you the 2nd transaction seems irrelevant from some answering a riddle standpoint but in real life if I was the store owner I'd rather him come straight back to use it.
There is no thing without nothing.
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12-06-2016, 07:57 AM
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#148
12-06-2016, 07:59 AM
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#149
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Originally Posted By FFailed⏩
but neither did I.... lol

There is no thing without nothing.
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12-06-2016, 08:02 AM
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#150
- frozensparky
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Originally Posted By GimpManlet⏩
For anyone saying cost of the goods + $30 this man gets it, the store owner is also out the profit as well so it's the full $70 + $30Kind of depends, if the thief would have bought it anyway even if he hadn't been unable to steal the $100 bill, he would have lost $30 in cash and $70 in business. Like, the store owner will now sell one less of that item in total (think a carton of cigarettes "bought" by a regular, he won't be back with his own money until he's finished the carton). Similarly if the item is out of production and someone else was sure to buy it since it's a high demand item, the theft constitutes a loss of $30 cash, $63 or whatever of goods and $7 of profit.
The mere existence of this supposedly trivial riddle is indicative of lack of intelligence.
The mere existence of this supposedly trivial riddle is indicative of lack of intelligence.
There are 3 possible answers depending on your thoughts
1) $100, total value of all lost (cost+profit+cash) IMO best answer
2) $30 + cost of goods, to me not as good as #1 but still reasonable to not count profit
3) $30, This one is slightly potato because they are reading "money" as cash only but I can still see how they get to it
Anything else is full blown potato
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