₦airaland Forum

Mathematics and Accounting are two different areas. This looks easy but it is not because everyone will arrive at a different 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 another Shopkeeper 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 geniuses…
How much has the Shopkeeper lost in total?

A. ₦1200

B. ₦2000

C. ₦1000

D. ₦1800

E. ₦2200

F. None Of The Above

#1800

[table style="text-align: center;" border="1"][tr][td]MONEY GAINED[/td][td]MONEY LOST[/td][/tr][tr][td]1.₦ 200 gained for selling a goods 










[/td][td style="text-align: left;"]1). ₦1 000 lost for replacing the counterfeit.

2). ₦800 for the change lost.

3). ₦200 lost on the goods he sold (i.e he gained the ₦200 initially but lost it when he destroyed the counterfeit. So, he gained nothing for selling the goods)


TOTAL MONEY LOST = ₦1 000 + ₦800 + ₦200
                            = ₦2000
[/td][/tr][/table]

Note:
Things to have in mind, the stockholder didn't loss ₦1 000 given to him by the girl. Remember, he changed the money into ₦200 denominations, kept ₦200 for his goods and gave out ₦800. So, but when he distroyed the counterfeit, he lost the ₦800.

http://www.nigerianpalace.com/t1885-check-this-simple-question-but-difficult-to-answer#4670

Okay.

The shopkeeper lost N1,200.

Using single column cash book formular = #800 change, #1000 amount received in exchange of the fake currency and #200 cost of good purchased by the customer, balance brought down at the end of the year b/d = #2000.
by bishop emmie

integritylady:
Using single column cash book formular = #800 change, #1000 amount received in exchange of the fake currency and #200 cost of good purchased by the customer, balance brought down at the end of the year b/d = #2000.
by bishop emmie

you would have allowed us to solve finish na?

Xflint:
you would have allowed us to solve finish na?

some might have a different view about the question, answers still needed

The shopkeeper has lost 1000 naira, nothing more and can redeem it back if he's able to catch the person he sold the goods to. He will simply collect an original 1000 naira note from the buyer telling him or her it was a fake 1000 naira he initially collected shikena. Na so maths dey confuse some pple sha!