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Around The World (Posted on 2003-03-20) Difficulty: 4 of 5
While walking in a park, one morning, I found a Hundred Rupee note on one of the park benches. I picked it up, noted the number and took it home.

In the afternoon the plumber called on me to collect his bill. As I had no other moey at home, I settled his account with the Hundred Rupee note that I had found.

Later I came to know that the plumber paid the note to his milkman to settle his monthly account , who paid it to his tailor for the garments he had made.

The tailor in turn used the money to buy an old sewing machine, from a woman who lives in my neighbourhood. This woman incidentally, had borrowed Hundred Rupees from me sometime back to buy some household appliance. She, remembering that she owed me a Hundred Rupees, came and paid the debt.

I recognized the note as the one that I had found on the park bench, and on careful examination, I discovered that the note was counterfeit.

How much was lost in the whole transaction and by whom ?

See The Solution Submitted by Ravi Raja    
Rating: 3.4643 (28 votes)

Comments: ( Back to comment list | You must be logged in to post comments.)
re(2): The solution is incorrect. | Comment 115 of 134 |
(In reply to re: The solution is incorrect. by Gamer)

Even if it cost the counterfeiter zero dollars to produce the note (which is doubtful) there is still the opportunity cost of producing the note. Also, if the person who lost the note was not the counterfeiter, then the person who did make the note - and subsequentally traded with it - had a net gain of 100 rupees minus the production and opportunity costs of making the note. Also, if the aforementioned premise is true, and the person who lost the note in the park had not yet had a chance to trade with it, then he lost 100 rupees.
  Posted by Jackie on 2003-12-29 17:10:22

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