SOLUTION: Just after opening the store one morning, a man who is on his way to a race goes into a shoe store and buys a pair of nike shoes for $67.95. He pays with a $100 bill. Not having ch

Algebra ->  Customizable Word Problem Solvers  -> Misc -> SOLUTION: Just after opening the store one morning, a man who is on his way to a race goes into a shoe store and buys a pair of nike shoes for $67.95. He pays with a $100 bill. Not having ch      Log On

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Question 889670: Just after opening the store one morning, a man who is on his way to a race goes into a shoe store and buys a pair of nike shoes for $67.95. He pays with a $100 bill. Not having change for the $100 bill in the till, the owner runs to the florist next door. The florist gives the shoe store owner change for the $100 bill and the shoe store owner hurries back to give the runner the shoes and the change.
Later the florist comes back to the shoe store owner with an FBI agent and informs him that the $100 bill was counterfeit. Feeling guilty, the shoe store owner gives the florist $100 from his till, and the FBI agent keeps the counterfeit bill. How much did the shoe store owner lose?

Answer by JulietG(1812) About Me  (Show Source):
You can put this solution on YOUR website!
He is out the $100 to the florist, the $32.05 given to the swindler, and the $67.95 for the shoes -- a total of $200.