You must not have much business experience. Typically every time a store sells a product they are making a profit, otherwise how would a store make any money if they sold goods for the same price they bought them for? To make a real profit you need to sell the goods for a good amount more then the store bought them for, considering there's rent and other costs just to operate the store itself. So it truly is a trick question in the sense that we can't quantify precisely how much the store lost since we don't know how much the store paid for the goods that were sold for $70, we don't know the store's profit on that transation, which we would need to know to calculate how much the store actually lost. You might say "but you're over-analyzing it". Not really, a store's losses are directly related to their profit. Just like when it comes to boxing PPVs or streaming services with monthly costs. If you ask how much did DAZN make this month? That wouldn't be just the total cost of all your monthly subscribers now would it? No, you'd have to put those figures against the cost of paying the fighters, contstructing the ring, preparing the event, paying the arena / stadium, the cost of all the salaries of DAZN employees like Eddie Hearn's salary, and taxes etc etc etc. Only when you line up all the costs + paying the athletes + employee salaries vs all the $$ from monthly subscriptions can you calculate how much DAZN made or lost that month.
If I rob Golovkin from his belts but after the fight I give him 30 million dollars, its not a robbery?
I'm sure he can find someone to lend him a helping hand when he starts to flag. This content is protected This content is protected This content is protected
Unnecessary mental gymnastics my friend. Maybe there were calling credits worth 10$ on the sim of the phone when it was sold. So the bloke lost 10$ right there. Later he got robbed and loses totaled up to 210$
WTF does this have to do with how much the store paid for a product and how much they charge for it to make a profit. The simple question is if a thief stole $100 from the register then use that $100 to purchase $70 worth of merchandise how much did the store lose. This has nothing to do with profit margin. What school of business did you attend where a customer (thief) paid for a product is somehow different profit wise than what any other customer paid for same product. Let me try and make it simple for your math challenge brain: Thief stole $100. Store is now -$100. Customer buys $70 worth of goods. Store earned $70 is sales. Does not matter if the customer was the thief or anyone else of the street. So the store only lost was the $100. That simple enough for you?