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Super Pawn (Posted on 2006-04-07) Difficulty: 1 of 5
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?

No Solution Yet Submitted by Wallace North    
Rating: 2.0000 (1 votes)

Comments: ( Back to comment list | You must be logged in to post comments.)
re(2): What is a pawn shop? | Comment 6 of 7 |
(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?


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