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How much did they lose?

Discussion in 'Off-Topic Discussion' started by T-Rex266, Sep 18, 2022.

  1. Sep 18, 2022 at 6:00 PM
    #1
    T-Rex266

    T-Rex266 [OP] Sushi, and Teslas Staff Member

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  2. Sep 18, 2022 at 6:04 PM
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    Outbound

    Outbound SSEM #2.5, Token AmeriCanadian

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    $100
     
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  3. Sep 18, 2022 at 6:04 PM
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    TILLY

    TILLY Gently Used Member

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    $100.00 :)
     
  4. Sep 18, 2022 at 6:17 PM
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    dbittle

    dbittle Middle Age Member

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    Hmmm. I'm going to go out on a limb and say less than $100. They were out $100 when he took the money. Then he exchanged most of the money for merchandise at retail. Hopefully they priced those goods to make a profit, so by that reasoning they're out their cost on $70 of goods plus the $30 in change.
     
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  5. Sep 18, 2022 at 6:28 PM
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    TundraTx12

    TundraTx12 New Member

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    Hmmm. Can we assume the store would have sold the product at retail in any event? If yes, then the loss is still $100.

    The store has lost the opportunity to sell $70 at retail, plus the $30 effectively lost directly.

    I’ll step out on the other limb, and say “more than $100.” What if the store lost the future business of another customer who could not find what he desired, as it had been stolen, and took all his business elsewhere?
     
  6. Sep 18, 2022 at 6:32 PM
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    PermaFrostTRD

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  7. Sep 18, 2022 at 6:32 PM
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    TaquitoBandito

    TaquitoBandito SSEM #91, KitKat Aficionado

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  8. Sep 18, 2022 at 6:32 PM
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    T-Rex266

    T-Rex266 [OP] Sushi, and Teslas Staff Member

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    So, if they took $100, then used $70 of it, and got $30 back…..
     
  9. Sep 18, 2022 at 6:34 PM
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    PermaFrostTRD

    PermaFrostTRD Tumescent Member

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    Initial $100 + $70 of merchandise + $30 change = $200 loss for the store
     
  10. Sep 18, 2022 at 6:35 PM
    #10
    TaquitoBandito

    TaquitoBandito SSEM #91, KitKat Aficionado

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    That was my math too.
     
  11. Sep 18, 2022 at 6:35 PM
    #11
    BravoDeltaRomeo

    BravoDeltaRomeo Old Man Blue

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  12. Sep 18, 2022 at 6:38 PM
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    TILLY

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    Did the owner of the store see the man steal the money before he sold him goods with his own loot? :monocle:

    For those who say $200.00, don't forget he gave the bill back to the store to buy the goods, so its only a $100.00 loss. ;)
     
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  13. Sep 18, 2022 at 6:41 PM
    #13
    T-Rex266

    T-Rex266 [OP] Sushi, and Teslas Staff Member

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    All of it
     
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  14. Sep 18, 2022 at 6:51 PM
    #14
    PermaFrostTRD

    PermaFrostTRD Tumescent Member

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    Take your last paycheck and pay yourself your next paycheck with it.
     
  15. Sep 18, 2022 at 6:54 PM
    #15
    TILLY

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    :monocle:
     
  16. Sep 18, 2022 at 6:54 PM
    #16
    TaquitoBandito

    TaquitoBandito SSEM #91, KitKat Aficionado

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    You are forgetting about the profit loss of the goods.
     
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  17. Sep 18, 2022 at 7:01 PM
    #17
    BravoDeltaRomeo

    BravoDeltaRomeo Old Man Blue

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    The store lost $30 cash and $70 in product.

    - The $100 was stolen by the man

    - The crook gave the store back the $100 he stole but took $70 worth of merchandise he paid for using the stolen $100.

    - The store owner now has his $100 back, but handed over $30 in change.

    Without taking into account profits or markup on product....the store is out $30 cash and merchandise ($70 MSRP).
     
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  18. Sep 18, 2022 at 7:03 PM
    #18
    TILLY

    TILLY Gently Used Member

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    :annoyed: :)

    EXPLANATION: ‘IF A MAN STEALS $100 DOLLARS’
    The riddle seems really confusing, but if you break the answer down step by step, it’s really not that bad.

    • The man takes $100 from the register.
    • He then gives the $100 back to the owner when he pays for the goods.
    • But, the owner has then lost $70 worth of goods.
    • The owner also loses $30 when he gives the man his change.
    • $70 worth of goods + $30 change = $100
     
  19. Sep 18, 2022 at 7:03 PM
    #19
    APalmTree

    APalmTree ERROR 404

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    That puts you at $170 with that math then. $100 in goods and "refunded" money, plus the $70 in the lost future sales. I can see the argument either way :notsure:
     
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  20. Sep 18, 2022 at 7:08 PM
    #20
    T-Rex266

    T-Rex266 [OP] Sushi, and Teslas Staff Member

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  21. Sep 18, 2022 at 7:46 PM
    #21
    TaquitoBandito

    TaquitoBandito SSEM #91, KitKat Aficionado

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    I don't like these kinds of threads. :(

     
  22. Sep 18, 2022 at 7:54 PM
    #22
    TaquitoBandito

    TaquitoBandito SSEM #91, KitKat Aficionado

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    Did he have any coupons?
     
  23. Sep 18, 2022 at 8:18 PM
    #23
    T-Rex266

    T-Rex266 [OP] Sushi, and Teslas Staff Member

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    Maybe a rebate
     
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  24. Sep 18, 2022 at 8:46 PM
    #24
    Backslider

    Backslider Thirsty...

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    Assuming no profit on sold goods, they lost $170.
     
  25. Sep 18, 2022 at 9:11 PM
    #25
    SFTundra

    SFTundra New Member

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    Are you going to give us the answer to riddle @T-Rex266?

    I think the he lost only $100 since after the money is stolen you can already say that $100 is out of the picture. And when he does a transaction, that $100 is a valid money unless it was a counterfeit then he would be at additional lost. So without his sale goods profit margin, so its not meant to account for.
     
  26. Sep 18, 2022 at 9:24 PM
    #26
    landphil

    landphil Overland or oversee?

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    What is the sales tax rate? $100 bill - $70 worth of goods + sales tax does not equal $30 in change.

    So the store’s loss was $100 stolen from the register + the sales tax on $70. Any profit the store made on the goods of that sale is likely a wash with current inflation rates.
     
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  27. Sep 18, 2022 at 9:26 PM
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    GODZILLA

    GODZILLA ASCM#1 Douchebag formerly known as 50 Buck

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    They had 100 bucks stolen. That is lost and reported. End of loss.

    Any transaction after that is normal. The source of the funds is irrelevant.
     
  28. Sep 18, 2022 at 9:40 PM
    #28
    SFTundra

    SFTundra New Member

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    I think this is the case too. It doesn’t matter if he came back with the $100 dollars to do transaction since the money is valid and can be said the same if any other customer came in to do a transaction. The only way it would have changed the sum of $100 was that if that thief came back with a counterfeit $100. Then the owner would be at a loss of $300.
     
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  29. Sep 18, 2022 at 9:50 PM
    #29
    tripleconpanna

    tripleconpanna Just some dude...

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    $130, plus market value of the goods stolen!!!
     
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  30. Sep 18, 2022 at 9:51 PM
    #30
    tripleconpanna

    tripleconpanna Just some dude...

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    :rofl::rofl::rofl::rofl::rofl:
     
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