Problema Solution
a customer enters a store and purchases a pair of slippers for $5, paying for the purchase with the $20 bill. The merchant, unable to make change, asks the grocer next door to change the bill. the merchant then gives the customer the slippers and $15 change. After the customer leaves, the grocer discovers that the $20 bill is counterfeit and demands that the shoe-store owner make good for it. The shoe-store owner does so, and by law, is obligated to turn the counterfeit bill over to the FBI. How much does the shoe-store owner lose in the transaction?
Answer provided by our tutors
The shoe store owner gives the grocery store owner $20 for the counterfeit and $15 in change to the customer, therefore the shoe store owner loses a total of:
20+15 = 35
$35 dollars total were lost by the shoe store owner in this transaction