a man steals 1000 from shop spends700 in same shop and gets 300 change now how much did shop owner gets loss
Answers
Given,
The man steals Rs. 1000
The spends Rs. 700
Gets change of Rs. 300
To find,
The loss amount of the owner.
Solution,
We can easily solve this mathematical problem by using the following mathematical process.
Initial loss amount = Rs. 1000
Now, we have to calculate the recovered amount,
As the man spends Rs. 700 in the shop, the shop owner will surely provide the man goods/services of Rs. 700. So, nothing will be recovered in this case.
Now, the man gave Rs. 1000 against the goods/services of Rs. 700 and got Rs. 300 change, so there will be no recovering of money for the shopkeeper.
Final loss = Initial loss - Recovered amount = 1000-0 = Rs. 1000
Hence, the total loss will be Rs. 1000
Loss Incurred By The Owner
Answer :-
The loss incurred by the owner is of Rs. 1000 /-
Explanation :-
- The man stole Rs. 1000 from the shop.
- He then spent Rs. 700 in the same shop.
- He gave those stolen Rs. 1000 to the shopkeeper, in return to which the shopkeeper gave him Rs. 300 as change.
- Since, the shopkeeper got his Rs. 1000 back but he also gave a change of Rs. 300 to the man and the items he purchased of Rs. 700, therefore he incurred a loss.
- Total loss = Items worth Rs. 700 + The change given = Rs. 700 + Rs. 300 = Rs. 1000 /-