A cyclist buys a cycle for 43 pounds paying with a 54 Pound cheque. The seller changes the cheque next door and gives the cyclist change. The cheque bounces so the seller paid his neighbor back. The cycle cost the seller 19 Pound. How much did the seller loose.
54 Pounds 19 Pounds 62 Pounds 30 Pounds

• 30 pounds.
  the seller loose 19 pounds which is cost of cycle and also he needs to return next door amount he borrowed that is 11 pounds.
  so total is 19+11=30 pounds.
• 12 years agoHelpfull: Yes(13) No(1)
• at stable state profit=43-19=24
  when he returned 54 to the neighbour== 54-24=30
• 12 years agoHelpfull: Yes(2) No(1)
• the loss will be(19+11)=30pound
  
• 12 years agoHelpfull: Yes(1) No(2)