Quote:
Originally posted by punkworld
No... these are the actual transactions that took place in chronological order:
Buyer => Seller: $0 (fake money)
Seller => Neighbour: $0 (fake money)
Neighbour => Seller: $25 (seller +25)
Seller => Buyer: $15 + cap (seller -15, seller -cap)
Seller => Neighbour: $25 (seller -25)
Summarized:
0 + 25 - 15 - x - 25 = -15 - x
(where 0 represents the original position and x is the cap)
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The question is a little ambiguous because we don't know how much the cap cost the seller or whether we're supposed to include the value of the cap, but if you value it at fair market value ($10) the Seller is out $50. He gave the buyer a cap worth $10 plus $15 real money ($25) and he gave the neighbor $25.00 in real money.
If we ignore the cap and just look at cash the answer is $40.