Puzzle of the day (poll with possible solutions in thread below). Slight variation on a Facebook poker group debate which had surprisingly strong debate.pic.twitter.com/zZVpMM5che
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How much did the store owner lose? (More options in thread above)
To help frame the analysis correctly, what would you say the store’s loss was if the customer paid for the goods with $70 in cash? Or by credit card?
Because the stolen $100 bill is used for the subsequent purchase, we want to think the two transactions are somehow linked. But are they?
What if the customer came back in 6 months and made the purchase with the stolen bill?
It's actually actually somewhat less than $100 because the merchandise is presumably worth more than $50 but less than $70 to owner. Then again we also have to consider inflation...
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