Money Mathematics
Who's willing to crack their brains?
MONEY MATHEMATICS 1 Norman is a super sales person when it comes to bikes. He also sees it as his duty to get everyone on a bike, so he is delighted when a customer comes into his shop and without any hesitation buys a bike for $99. The customer pays for it with a cheque for $150, and as the banks are closed, Norman asks his neighbour to cash it. He returns, gives his customer the change of $51 who then rides off at speed. Calamity follows. The cheque bounces, the neighbour demands his money back, and Norman has to go to a friend to borrow the money. The bike originally cost him $79. How much did Norman lose altogether? Discuss fully.
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I would say he lost $229:
$150 (the bounced check)
79 (original cost of the bike).
Checks can be very bad.
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i think he lost 220