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Myst · 02-01-2007, 03:24 AM

John buys a set of speakers for $20 from a garage sale. Realizing that the speakers were not exactly what he wanted, he resells the speakers to Mike for $10. John has known Mike for a long time, and has developed some trust with him. Mike tells John that he does not have the money at the moment but will pay him the $10 at a later date, but he needs the speakers right now. John lets him take the speakers. Mike however never pays the $10 owed.

How much did John lose in these transactions?

02-01-2007, 03:24 AM
Myst Confirmed User Join Date: Feb 2004 Location: Alberta, Canada Posts: 4,708	A logic question for you (math related).. straightforward John buys a set of speakers for $20 from a garage sale. Realizing that the speakers were not exactly what he wanted, he resells the speakers to Mike for $10. John has known Mike for a long time, and has developed some trust with him. Mike tells John that he does not have the money at the moment but will pay him the $10 at a later date, but he needs the speakers right now. John lets him take the speakers. Mike however never pays the $10 owed. How much did John lose in these transactions? __________________ ICQ: 298-523-037 Last edited by Myst; 02-01-2007 at 03:25 AM..