i make a terrible businessman!!!
a customer comes to my shop and asks for a commodity worth 200 rupees. He gives me a 1000 rupee note and asks for the change. I, having no change at all go to the shopkeeper next door and give him the 1000 rupee note in exchange for ten 100 rupee notes. I return the appropriate change to the customer and he leaves with the commodity... 2 days later i find out that i've been duped when the other shopkeeper informs me that the 1000 rupees note was a fake!!! I'm left with no option other than pay the shopkeeper 1000 rupees worth real currency. can you tell how much loss in rupees did i suffer in this whole transaction???
The answer is 1000.
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1 solution
my transaction with the other shopkeeper is settled as i paid him his 1000 rupees of real currency which i had borrowed from him in 100 rupee notes. my loss comes from the customer who tookwith him the 200 rupee commodity along with the 800 rupees that i had returned him as change. Hence my net loss is 800+200=1000