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Old 12-09-2011, 12:03 PM   #41
alnorth alnorth is offline
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The answer is one of three possibilities: $79, $97, or $100. The reason why it is unclear is because the question asks how much money he loses.

If the question wants strictly cash, then the cost or market value of the sweater is not relevant, he lost $79 in cash. If the sweater counts as "money", then it is either $97 or $100, depending on whether we count the cost of the sweater, or we assume he could have sold it for $21 to someone else and count the market value of the sweater.

The exchange with the neighbor is in there just to confuse you, just pretend the seller had $79 in his pocket to hand out as change.

Vagueness aside, I'll count the sweater as money and use market value. So, $100
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