How much was lost?

in monetary •  last year 

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The correct answer is “not enough information to accurately calculate the total costs/monetary damage”

Many people fallaciously list off the stolen amount ($100) but that isn’t what the question is asking. It’s asking the total monetary loss. That’s completely different.

The store first loses $100, but if we rightly assume it’s a store that sells items at a profit, then they made some money back during the sale of goods. How much is unknown because we don’t know the cost of goods sold.

We also can’t just ignore the sale of goods as it’s included in the math question and we can’t exclude parts of math problems just because we want to exclude them.

I was a math tutor in college and have already taught kids college algebra. Trust me on this one…

An accurately estimated range of total monetary loss, despite monetary fungibility, would be around $70-90 after those unknown profits are bucket back into the store via the goods sales.

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