Early one morning Hal, the owner of a hardware store, sells a mailbox for $25 to Courtney that cost him $20 wholesale. Courtney pays with a $100 bill and Hal discovers he doesn’t have enough change. He runs to the jewelry shop next door, where Jack, the owner, gives him change in exchange for the $100. Later that afternoon, Jack discovers the $100 bill is a counterfeit and Hal pays him $100 to make it right.
The total loss was $95.
-$20 = The wholesale cost of the mailbox
$100 = The money from Jack
-$75 = The change paid to Courtney
-$100 = To pay Jack back
-$20 + $100 – $75 – $100 = -$95
It’s easy to think Hal lost $195 but that fails to account for the $100 used to make the change, which came from Jack, not Hal. Jack paid $100 in exchange for a worthless piece of paper, so the $100 was initially Jack’s loss. Hal had made a $5 profit until Jack’s discovery. If you guessed $100, that’s arguably correct, but not making $5 in profit isn’t a loss in the strictest sense of the word.
You are the bus driver. At your first stop, you pick up 29 people. On your second stop, 18 of those 29 people get off, and at the same time 10 new passengers arrive. At your next stop, 3 of those 10 passengers get off, and 13 new passengers come on. On your fourth stop 4 of the remaining 10 passengers get off, 6 of those new 13 passengers get off as well, then 17 new passengers get on. What is the color of the bus driver’s eyes?
Malcolm is the number of weeks of his father’s age treated as days and his grandfather’s age in months. All three of their ages add up to 120 years. How old is Malcolm, his father and his grandfather?
Three ants are walking in the same direction. The first ant has two ants behind him, the second ant has one in front and one behind, but the third ant has one in front and one behind too. How is this possible?
The ants are in a circle. Lets say the ants are A, B and C. A has has B and C behind him, B has A in front and C behind, and C has B in front and A behind.