How much is the loss?

[ishaan]

:numbness:

 

[mhsabir]

^ How come you ignore the Rs.200 worth items? If you lost Rs.1000 along with a new premium wallet. Wouldn't you take the wallet into account?

He retained 200 originally that balances that outI will answer in a different way, if its still confusingWhat did the the 2nd guy loose , he gave 1000 rupees in change and eventually got back 1000, so nothing. What did the lady gain 800 in cash and 200 in goods, basically 1000. So even just using this as simplest laws of equation the loss is 1000

 

[sachinbr]

kk guys I will try to explaing my point of view.

Cost of Goods - Rs 200
Cash Given by lady - Rs1000
Change Returned to Lady - Rs 800
Money given back to the other shop Keeper - Rs 1000
Total Loss = Rs 2000(200 for goods + 800 the amount he returned + 1000 for other shop keeper)
Hope problem is solved?
Any Doubt!!!!!!
Loss changed to Rs 2000

 

[DNA_Uncut]

How?
He gets 1000 from his friend. Keeps 200, gives 800 back to the lady. He again gives back 800 + 200 (that he had retained) to his friend. So he has nothing from the business but only lost 1000 + 200 worth items ...

 

[mhsabir]

@sachinbr before he returned the 1000 rupees back, he was even, not at loss of 1000

 

[sachinbr]

@mhsabir did not get ur point?

 

[mhsabir]

How?He gets 1000 from his friend. Keeps 200, gives 800 back to the lady. He again gives back 800 + 200 (that he had retained) to his friend. So he has nothing from the business but only lost 1000 + 200 worth items ...

800 is what he is giving from his pocket right, 200 was the extra he got

@mhsabir did not get ur point?

When he completed the sale, he had got 1000 from friend ,gave 1000 fake note. So even with friend.Got 1000 fake note from lady. Gave cash and goods of 1000, so equal there as well.So he is at no loss at time of sale. Post sale, when he has to give friend 1000 , Thats his loss

 

[DNA_Uncut]

Convicing ...

 

[sachinbr]

800 is what he is giving from his pocket right, 200 was the extra he gotWhen he completed the sale, he had got 1000 from friend ,gave 1000 fake note. So even with friend.Got 1000 fake note from lady. Gave cash and goods of 1000, so equal there as well.So he is at no loss at time of sale. Post sale, when he has to give friend 1000 , Thats his loss

my friend correct me If I am wrong.
shop keeper sold at 0% profit
Value of good is Rs 200
He gave back the lady a change of Rs 800
His friend/other shop keeper who gave the change for Rs 1000 note came back n took back Rs 1000 returning the Rs1000 note he gave.
Total Loss = Rs 2000(200 for goods + 800 the amount he returned + 1000 for other shop keeper)
The shop keeper had a total loss for that goods as he did not have any profit in it

 

[mhsabir]

Sorry to say you are indeed wrong, lets approach it in a yet another way. Lets see only the shopkeeper perspective, to keep things simple
Pre-Sale:
He has Rs.200 worth of goods he owns. So zero loss, zero gain.
Sale:
He no longer has Rs.200 of goods, but has Rs.200 cash. So zero loss, zero gain.
Post-Sale:
He has to give Rs.1000 cash to friend. So 1000 loss.
Whatever numbers or transactions that happened beyond what I wrote above, are of no monetary significance to him.