Bob has an idea on how to make some extra cash. He pawns $30 at the local pawn shop for $15. Then he goes to the pub next door and sells the $30 pawn ticket to Jim for $20. It looks like both make money on the deal. Is that true? Who gets the short end of the transaction? Is it Bob, Jim, or the pawn shop?

(In reply to re: What is a pawn shop? by Dej Mar)

Hey Dej Mar,

I have a $30 note. Would you like to buy it for $15?

Leming

Posted by Leming on 2006-04-11 18:20:56