# \$100 BILL GROCERY STORE THIEF

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## \$100 Bill Grocery Store Thief

A guy walks into a store and steals a \$100 bill from the register without the owners knowledge.

He then buys \$70 worth of goods using the \$100 bill and the owner gives \$30 in change.

How much money did the owner lose?

\$30, \$70, \$100, \$130, \$170, or \$200?
Hint:
The best answer from the choices is the owner lost \$100. The \$100 bill that was stolen was then given back to the owner. What the owner loses is the \$70 worth of goods and the \$30 in change, which makes for a total of \$70 + \$30 = \$100. The owner has lost \$100.

Technically, the owner lost \$30 plus the value, V, of the \$70 of goods. Since stores typically sell goods at a markup, the value may be less than \$70. But in the case of a loss leader, the owner may have lost more than \$70.
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