Question

A customer buys 17. 01 in gas and requests one five dollar [$5] lottery ticket, two one dollar [$1] lottery tickets, and one [$3] lottery ticket. He gives you two winning tickets to be redeemed: one for ($5) and the other for ($2). How much change would he receive from a $100 bill?.

Answer 1

The customer will receive $79.99 as change in exchange for a $100 note the person gave to the shop owner. The amount is derived as a result of a series of transactions carried out by the customer.

The customer did multiple transactions during the course of the visit to the shop. The customer's transactions also involve buying stuff as well as redeeming the coupon codes won by the customer.

Currency Exchange

• The customer is given to have purchased gas amounting to $17.01, after which the customer has bought lottery tickets of different denominations.

• The customer purchased tickets worth $10. After the purchase of lottery tickets, the customer displayed and produced the previous lottery tickets for redemptions, as he had won the lotteries on both the tickets worth $7.

• The change received by the customer can be calculated with the help of using the following formula, where the customer gave $100 note to the shopkeeper.

• $\rm Change\ Received= Money\ Given- (Purchase\ of\ Gas+ Purchase\ of\ Lottery\ Tickets- Redemption\ of\ Lottery\ Tickets)$

• Now putting the values in the formula, we get,

• $\rm Change\ Received= 100- (17.01+5+1+1+3-2-5)\\\\\\\\\rm Change\ Received= \ 100- \ 20.1\\\\\\\\\rm Change\ Received= \ 79.99$

So we have concluded that the customer will receive $79.99 as change. Hence, the correct amount of change received by the customer for the period is $79.99.

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