• A woman went to a store and steals \$100 and buys \$70 worth of goods. How much did the cashier lose? I answer the question in this video…

It’s gotten over 19,000 views since I posted it this January : )

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### Article by: Nicholas Covington

I am an armchair philosopher with interests in Ethics, Epistemology (that's philosophy of knowledge), Philosophy of Religion, Politics and what I call "Optimal Lifestyle Habits."

1. John MacDonald says:

If the goods were on sale, the store lost significantly more than if the goods were at regular price.

2. Shatterface says:

Haven’t watched the video yet but was the woman also the cashier?

1. Nicholas Covington says:

No.

3. db says:

Question: How much did the cashier lose? i.e. what is the cash shortage.

Given only 1 register in the store, when the register is closed out, there will be a variance between the close out report and the drawer cash count.

e.g. simplest case:
i. Per the register open – \$130 dollars cash is placed in the register cash drawer and the register tally is re-set to 130.
ii. The day is slow (and the cashier is also slow) with one transaction, so the register cash drawer tally is 130 + 100 – 30 = 200
iii. The day ends with \$100 dollars cash in the register cash drawer and a close out report of 200, thus there is a \$100 cash shortage.

Possible Outcomes:
1) A \$30 cash loss is added to the books + the inventory shortage is expensed.
2) A \$100 cash loss expense is added to the books.

1. Nicholas Covington says:

Exactly!

4. AKRai says: