Thread: Homework help

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  1. #1 Homework help 
    O____O
    Guest
    Well this is an extra-credit but I really want to get it so here's the question (It's math btw)

    The Counterfeit Problem:
    You are the owner of a small sporting goods
    store. Just after opening the store one
    morning, a woman comes in and buys a pair of
    Nike (or Adidas) running shoes (she's running in
    a marathon) for $67.95. She pays for them
    with a $100 bill. Not having change on hand
    yet, you go next door to the florist shop and
    ask the owner if he can change the $100 bill.
    He can and does, giving you the right 'type' of
    change so you can give change to the woman.
    You return and give the customer the correct
    change. She leaves with the shoes and the
    change. Several hours later, the florist comes
    in and tells you that the $100 bill is counterfeit.
    After you both inspect it, you agree that it is
    counterfeit. Feeling responsible, you give the
    florist $100 from your till, which now has an
    adequate amount of change, and he returns to
    his shop with the $100.

    Question:
    How much, if anything, did you lose in the
    transaction? (Consider the shoes to have a
    value of $67.95, not a lesser wholesale value).
    Last edited by O____O; 09-11-2009 at 04:17 AM. Reason: Spelling
     

  2. #2  
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    $167.95? ...

    Because there were two losses really.

    One was the loss of the shoes you gave to the woman, which were valued at 67.95. The second loss was when you felt responsible and took out $100 ACTUAL dollars from your own till in order to pay for the "deed" / crime.

    All totals to $167.95?
     

  3. #3  
    sυввч

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    Numbers for homework mod -_-
     

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    Quote Originally Posted by Sub View Post
    Numbers for homework mod -_-
    lolfap
     

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    You lost $100

    You got $67.95

    They payed $100 = $32.05 change

    You had to pay $100 back.

    So you just have the $32.05 from the shoes change left from that big ordeal?

    But you lost $100 from your own till.

    So really, you made nothing, you lost money ...?

     

  6. #6  
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    Quote Originally Posted by Sub View Post
    Numbers for homework mod -_-
    Agreed =D=D but that was pretty easy..
    Quote Originally Posted by Nathan View Post
    So if you stabbed somebody with a knife you would say "not my fault, blame the inventors of the knife" ?
     

  7. #7  
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    I have a feeling Numbers is a teacher.. In disguise..
    He replies to every thread in this forum and is always viewing it..

    You're making me suspicious, Numbers... very suspicious..
    ex-admin
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