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RE: Who has the right answer?!

in #math7 years ago

Well, how "realistic" do we want to get?

The owner is first out $100 cash.
Then the owner is out $70 RETAIL goods and $30 cash.
If we assume a standard "keystone" markup, the owner probably paid $35 for the goods.
So, in terms of "fiscal loss," the owner is out $65 net... so "none of the above."

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That is really interesting @denmarkguy. Nobody has said "none of the above" until you :) Yes retail is always paid less by owner than the customer...customer always pay so much more...He would have however sold those items for $70 retail, and lost $30 in cash....so to me it is the same as $100 bill she initially took.

A good question to make you think :) Thank you for participating!

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