Question

Mr. Suresh went into a restaurant and had a happy lunch for Rs.162. He paid for the same using a 500 rupee note. He was so happy with the meal and hence purchased a mini snack box for Rs. 37 and paid for the same using a 100 rupee note. Mr. Suresh ensured that he collected the balance from the cashier in both cases. Although he was satisfied with the service, he did not pay any tips to the server. The next day when the cashier went and deposited the money in the bank, it was found by the banker that only the two currency notes which were given by Mr. Suresh were counterfeit notes. As per policy, the bank immediately tore both the notes using their shredding machine. What is the total loss to the restaurant in this transaction ?

• A. 1200
• B. 600
• C. 7991
• D. none of the above

Answer 1

The Correct Option is B

Mr. Suresh spent two counterfeit currency notes in the restaurant: a 500 rupee note for the meal and a 100 rupee note for the mini snack box.
The steps to determine the total loss to the restaurant are as follows:

1. Calculate the total cost of the meal and snack box purchased by Mr. Suresh:
   • Cost of the meal: Rs.162
   • Cost of the snack box: Rs.37
   • Total cost: Rs.162 + Rs.37 = Rs.199
2. Identify the total amount paid by Mr. Suresh:
   • Meal payment using a 500 rupee note
   • Snack payment using a 100 rupee note
   • Total payment = Rs.500 + Rs.100 = Rs.600
3. Determine the amount lost by the restaurant:
   • The restaurant provided meals worth Rs.199, but they will not receive this amount due to being paid with counterfeit currency.
   • The remaining loss is the face value of these counterfeit notes (Rs.600):
     Since the counterfeit notes have no value, the restaurant lost Rs.600 without getting genuine currency back.

Therefore, the total loss to the restaurant in this transaction is Rs.600, which aligns with the correct answer.