How much did the store lose?
Here comes today’s test. Below, we can see a picture.
The challenge is thus the following:
A man steals a $100 bill from a store’s register. Then he buys $70 worth of goods at that store using the $100 bill and gets a $30 change. How much money did the store lose?
Can you come up with the answer? Think carefully, and read the task a few times. We’ll show you the correct answer after the picture below.
Here is the correct answer
The correct answer is $100.
How do we get there?
The best answer from the choices is the owner lost $100. The $100 bill that was stolen was then given back to the owner. What the owner loses is the $70 worth of items and the $30 in change, which makes for a total of $70 + $30 = $100. The owner has lost $100.
At first glance, the answer might seem to be 200$ or 130$, but that’s not the case. I’ll explain why.
The man stole 100$. The loss incurred is 100$.
Step 1 – The man hands the 100$ note to the store owner. The loss incurred is 0$.
Step 2 – The store owner hands over items worth 70$. The loss incurred is 70$.
Step 3 – The store owner hands over 30$ worth of change. Loss incurred is (70$ + 30$) = 100$
Did you solve it on your own? Congratulations on that case!