I purchases perfume from a store and gave him a thousand rupee note. the perfume cost rs.300. since the store person have no change, he gets the change from next shop and return me 800 rupees. after a while, the next shopkeeper comes and told the 1st shopkeeper that the note is a fraud and takes his money back. how much loss does the 1st shopkeeper have to bear ?
Answers
Answer:
Total loss is Rs.2200.
Step-by-step explanation:
Given : I purchases perfume from a store and gave him a thousand rupee note. the perfume cost rs.300. since the store person have no change, he gets the change from next shop and return me 800 rupees. After a while, the next shopkeeper comes and told the 1st shopkeeper that the note is a fraud and takes his money back.
To find : How much loss does the 1st shopkeeper have to bear ?
Solution :
I gave Rs.1000 to store.
Cost of perfume is Rs. 300.
The store person have no change, he gets the change from next shop and return me 800 rupees.
There is a loss of shopkeeper by Rs.100.
As 1000-300=700 which the store has to give to me.
After a while, the 1st shopkeeper that the note is a fraud and takes his money back.
Money he gives to next shop finally is Rs. 1000.
Money he gave to buyer is Rs.800
The perfume he gave with no money left so Rs.300 loss
Total loss = 1000+100+300+800
Total loss = Rs.2200.