haibe: Sorry mods for bringing this here if it isn't meant to be here but the Jokes, Riddles, etc section is just a playful section.

So this was an interview question in India I guess, let the nairaland geniuses answer

A lady bought goods worth ₦200 and paid the shopkeeper with a ₦1000 Note. The Shopkeeper had no change on him so he went to John his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled the lady and she left.
A little while later, John came back angrily after he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement. To avoid trouble, the shopkeeper had to give John another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the genius...

How much has the Shopkeeper lost in
total?

(A) #2000 (B) #1200 (C) #1000 (D) #1800 (E) #2200 (F) #800

Realtol:
IMO #800 + #200 worth of goods = #1000

yorex2011: 1000

kinxlink: #2000

spotit: #1000

stepone: N2000.

Skykid1208: he lost #2000

the sold goods (#200)
+
the change (#800)
+
the fake currency he had to pay John (#1000)
=
#2000

haibe: Sorry mods for bringing this here if it isn't meant to be here but the Jokes, Riddles, etc section is just a playful section.

So this was an interview question in India I guess, let the nairaland geniuses answer

A lady bought goods worth ₦200 and paid the shopkeeper with a ₦1000 Note. The Shopkeeper had no change on him so he went to John his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled the lady and she left.
A little while later, John came back angrily after he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement. To avoid trouble, the shopkeeper had to give John another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the genius...

How much has the Shopkeeper lost in
total?

(A) #2000 (B) #1200 (C) #1000 (D) #1800 (E) #2200 (F) #800

Answers may be quoted to stuck them and avoid change.

Tags: LordReed

pweetyz: ..#2000

haibe: Sorry mods for bringing this here if it isn't meant to be here but the Jokes, Riddles, etc section is just a playful section.

So this was an interview question in India I guess, let the nairaland geniuses answer

A lady bought goods worth ₦200 and paid the shopkeeper with a ₦1000 Note. The Shopkeeper had no change on him so he went to John his neighbour and collected ₦1000 change in ₦200 denominations, with which he settled the lady and she left.
A little while later, John came back angrily after he discovered the ₦1000 note he was given by the shopkeeper was fake, and demanded a replacement. To avoid trouble, the shopkeeper had to give John another ₦1000 and destroyed the counterfeit which had no real value.

So Question for the genius...

How much has the Shopkeeper lost in
total?

(A) #2000 (B) #1200 (C) #1000 (D) #1800 (E) #2200 (F) #800

Answers may be quoted to stuck them and avoid change.

Tags: LordReed

LordReed:

A) #2000

spotit:

don't be slow...yes he paid john after having initially taken from john to pay the dishonest customer

LordReed:

He gave John #1000 twice but one was fake so tell me how it wasn't a loss to him.

spotit: please go and take a cold bath and sleep

spotit: please go and take a cold bath and sleep

spanzed: 1,800

april17: what is the answer

haibe:

Loss Made by the Shopkeeper = Profit Made by the
Lady + Profit made by the next Shopkeeper John

Profit made by the lady = #800 Cash + #200 good = #1000

Profit Made by the John = #0 (Because he cancelled
the note-exchange that occurred earlier)

Loss made by the Shopkeeper = #1000 + #0 = #1000

Another way to look at it

At the beginning, the shopkeeper has say #0 and
goods worth # 200.

His net worth = 200

The lady gave him #1000 note with 0 real value.
His net worth = 200

He gets change for #1000 note from other shop

His net worth = #1200

He gives away # 200 worth goods, #800 in cash to the
lady.

His net worth = #1200 - 200- 800 = # 200

The other shop owner comes back and takes away #1000 from him.

His net worth = #200- #1000 = -800

His net worth dropped from #200 to # -800
Total loss = #1000

Gombs:


Correct