Oscar De La Hoya's grasp of basic math

Haha, brilliant!

But what about a video titled 'Oscar De La Hoya's Wardrobe'...

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The only time Oscars math works is when he goes to the 2 for 1 sale on fishnets at Victoria Secret

 

I've seen more boxing worthy threads sent to the lounge.

 

Oh man. The cost of the goods (including the profit the store would've made) is the $70 the guy spent with the money he stole. The answer is $200. (LOL)

 

Another way of looking at this problem is how much did the thief benefit?

 

Why, what does it benefit a man to gain $30 cash and $70 worth of unspecified but illegally obtained goods if it's only to provide Oscar De La Hoya with a moments distraction before he returns to trying to recover that uncomfortably misplaced egg whisk?

 

The answer is $100. In the end, the store lost $70 worth of merchandise and $30 worth of cash. The cost of goods sold, and therefore the margins / profit, from the sale don’t come into play here. Instead, you need to look at the opportunity cost. In other words, if the products had not been purchased by the thief using the store’s own money, they would have been purchased by someone else for $70. Therefore, the store lost out on that opportunity to sell those products for $70. Then you add in the $30 in cash that the thief received back to get the $100 total.

 

The store lost 100 dollars, the thief paid 70 dollars and kept the 30. So technically the store only lost 30 bucks.

Sources: 3.9 GPA from University

 

It just simplifies the math

 

Technically, no. You aren't taking into account what the store sold to get the initial $100.

Let's say you had two phones. You wanted to sell one for $100. You sell the phone and now you have $100 bill in your pocket and one phone. Then someone steals your $100 bill. Now you're left with one phone, no second phone and no $100.

Technically, you're only out $100. But you can't use the phone and you can't spend the money. You lost both.

So you'll tell your friends you're out one phone and $100. ($200 LOL)

But your accountant will say you lost $100.

The other transaction is just a wash. The person paid you $70 for something you were selling for $70. It doesn't matter if they stole the money, or their mom gave it to them, or if they worked for it.

 

He's just an average guy who puts his fishnets on one leg at a time like everybody else.

 

Sorry , you are wrong Answer is $100.

The thief stole $100. Now thief makes a purchase, this purchase is no different than anyone else making a purchase. You aren't losing anything at this point because it is a purchase. Only thing store lost was the $100.

 

I know the answer is $100. That's why I put LOL after $200.

 

Doh!!! Sorry man!