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Started By
Message
re: Help with riddle - How Much Money Did The Store Lose?
Posted on 12/12/23 at 2:01 pm to tigerfoot
Posted on 12/12/23 at 2:01 pm to tigerfoot
quote:
After that he takes his bag of goods that have a value of less than 70.00 (store markup). So he walks out of store with 30 bucks and less than 70 in goods.
Do you get it now?
Stop
Bringing
Up
Markup
It is completely irrelevant.
2
Posted on 12/12/23 at 2:02 pm to LNCHBOX
quote:
Stop
Bringing
Up
Markup
It is completely irrelevant.
Markup is absolutely relevant. The store can't lose more on an item than they paid for it. That wouldn't even make sense.
quote:
Sir. I will explain this like you are 5.
You have $15 to start a lemonade stand. You spend $5 on ingredients to make 50 cups and are selling lemonade for $1 a cup. Someone steals $10 from you and then buys 7 cups of lemonade for $7. You started the day with $15. You now have $7 cash and $4.30 worth of lemonade. How much did you lose?
Are you trying to say in my lemonade example they could've lost $50 (50 cups at 1$ each) even though they started with $15?
This post was edited on 12/12/23 at 2:04 pm
Posted on 12/12/23 at 2:04 pm to Corinthians420
quote:
Lol u can't count the goods as stolen and the $70 as stolen if they give u the $70 back.. U gotta pick one or the other. Either they stole ur $70 and paid you for the goods or they stole the goods and didn't take ur $70.
The hundred is from the previous sale. So he took your profit. Then he paid you with the stolen money took the product and got change back. You lost your profit from the previous sale, you lost your inventory, and you lost the replacement cost of the goods. Yall are looking at it as a simple exchange and it is anything but.
Posted on 12/12/23 at 2:05 pm to LNCHBOX
quote:Then why is the store in business?
Stop
Bringing
Up
Markup
It is completely irrelevant.
Posted on 12/12/23 at 2:05 pm to stelly1025
You didn't lose the $100. He gave it back. $70 of it at least.
This post was edited on 12/12/23 at 2:06 pm
Posted on 12/12/23 at 2:06 pm to Corinthians420
quote:
Markup is absolutely relevant. The store can't lose more on an item than they paid for it. That wouldn't even make sense.
The merchandise was paid for, so any discussion of its value is irrelevant.
Additionally, shrink is measured in retail value not wholesale value, as it is a much more accurate reflection of the total value lost.
Posted on 12/12/23 at 2:07 pm to tigerfoot
quote:
Then why is the store in business?
This has nothing to do with the question
Posted on 12/12/23 at 2:07 pm to stelly1025
quote:You sold it.
you lost your inventory, and you lost the replacement cost of the goods.
What if it was a seperate person came in and made this same transaction. Do you still count the 100.00 twice as lost.
It doesnt matter how he came by the 100.00...it is gone. He was then nice enough to give you a smidge back by shopping at your store. No different than if another person shopped at your store. YOu lost the 100 once.
Posted on 12/12/23 at 2:08 pm to LNCHBOX
quote:How much did the store lose? If they made the transaction independently, would they have made money? I assume yes.
This has nothing to do with the question
By your defiinition a store could never recoup losses from theft, from spoiled product, or lost inventroy...ever.
Posted on 12/12/23 at 2:10 pm to AwgustaDawg
Markup on $70 worth of merchandise-$70+$30=loss
Posted on 12/12/23 at 2:10 pm to Corinthians420
quote:
You didn't lose the $100. He gave it back. $70 of it at least.
Stop over thinking this question.
Think of it this way. At the end of the day when the store balances it's books and does inventory what will show up as incorrect? The till will show up as $100 short. Inventory is fine.
Posted on 12/12/23 at 2:10 pm to tigerfoot
quote:
How much did the store lose?
They didn't lose anything. They good were paid for.
Posted on 12/12/23 at 2:12 pm to LNCHBOX
quote:Then the 100 dollars he stole from prior transactions was lost. When he stole it.
They didn't lose anything. They good were paid for.
Posted on 12/12/23 at 2:12 pm to tigerfoot
quote:
Then the 100 dollars he stole from prior transactions was lost. When he stole it.
No shite.
Posted on 12/12/23 at 2:13 pm to Corinthians420
quote:
Lol u can't count the goods as stolen and the $70 as stolen if they give u the $70 back.. U gotta pick one or the other. Either they stole ur $70 and paid you for the goods or they stole the goods and didn't take ur $70.
This is presented as “a riddle”.
It seems to be one where the joke is that it’s a riddle with a painfully obvious answe that people will otherwise overthink. Ie - the person stole $100 from the cash register. That was the only actual “theft”. The purchase of goods was a legal transaction.
The only other logical way to answer the riddle, if you consider it as the totality of the situation, is to say that they store “lost $30 in cash and goods valued at $70 retail”.
It’s amazing this thing has gone on for ten pages.
Posted on 12/12/23 at 2:13 pm to LNCHBOX
quote:
The merchandise was paid for, so any discussion of its value is irrelevant.
Additionally, shrink is measured in retail value not wholesale value, as it is a much more accurate reflection of the total value lost.
I understand that this absolutely could be how the store/their accountant would view/log it so it wouldn't be fair to say you are wrong. But the question is how much did the store lose. They only lost the $30 and how much it costs them to replace the item on the shelf, as long as it is replaced before their inventory runs out.
Posted on 12/12/23 at 2:14 pm to LNCHBOX
quote:So, he store is out 100 dollars. Minus the profit made on the next sale. If he had not stolen it they would have gained the profit off the sale, correct? Why is this disregarded.
No shite.
Posted on 12/12/23 at 2:14 pm to stelly1025
quote:
quote:
What if he pays for the merchandise with a $100 bill that he didn't steal? Then what?
That is called a profit considering he didn't steal from you in the first place. If he stole 100 you are out the 100 and the merchandise plus your next sale
If this guy reaches into his pocket that has 2 $100 bills, and pays with the $100 bill that he didn't steal, then the store is out the $100 bill that he stole.
The math doesn't magically change based on which bill he pays with.
Posted on 12/12/23 at 2:14 pm to Corinthians420
quote:
But the question is how much did the store lose.
And the answer is $100.
quote:
They only lost the $30 and how much it costs them to replace the item on the shelf, as long as it is replaced before their inventory runs out.
No.
They lost the $100 taken. Then they had a $70 sale. Nothing was gained or lost on that sale. Posted on 12/12/23 at 2:15 pm to tigerfoot
quote:
Minus the profit made on the next sale
I give up, yall are dumb
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