Something less than $100 but we don’t have enough information to say. The owner lost the $30 he gave in change plus whatever he paid for the waterpipe. He would have gotten $70 had he sold it, but he’s really only out what he paid for it — the rest is his markup and would have been profit.
You’re forgetting about the thief handing the owner the $100 bill.
That $100 bill is in the cash register when the thief leaves.
Yes but in the letter of the law there were two attempts at thievery,IMHO.
The owner lost $100.
Running tab:
Guy steals $100 bill – owner out $100
Guy hands owner $100 bill – owner even
Owner hands guy $70 pipe – owner out $70
Owner hands guy $30 change – owner out $100
The pipe is worth $70 because that’s what someone else would have paid the owner for it.
Something less than $100 but we don’t have enough information to say. The owner lost the $30 he gave in change plus whatever he paid for the waterpipe. He would have gotten $70 had he sold it, but he’s really only out what he paid for it — the rest is his markup and would have been profit.
$200.00 less whatever markup he had on the pipe.
$200-
$100- (stolen)
$70- wholesale value + overhead costs (stolen)
$30- change (stolen)
You’re forgetting about the thief handing the owner the $100 bill.
That $100 bill is in the cash register when the thief leaves.
Yes but in the letter of the law there were two attempts at thievery,IMHO.
The owner lost $100.
Running tab:
Guy steals $100 bill – owner out $100
Guy hands owner $100 bill – owner even
Owner hands guy $70 pipe – owner out $70
Owner hands guy $30 change – owner out $100
The pipe is worth $70 because that’s what someone else would have paid the owner for it.
Exactly right!!!
SOUNDS RIGHT TO ME, BUT THAT GUY IS AN ASSHOLE.