Friday, October 24, 2008
I Need a Loan
John had only $2, but he needed $3 for his cab fare home. He went to a pawn shop and pawned his $2 for $1.50. John then bumped into Dan and told him that he would sell him his $2 pawn ticket for $1.50. Dan agreed. Since John started out with $2, and he ended up with $3, who is out the extra dollar and why?