This equation can only be used when the common ratio is less than 1.
Here the statement is in order for an infinite geometric series to have a sum, the common ration has to be greater than one. This statement is wrong because the sum equation can only be used when the common ratio is less than 1.
You know this because if they show up to the store with the same amount of money and SPLIT the amount of money for the cookies, they will still have the exact same amount.