Pawn Shop Ponzi Scheme

Author: Anonymous
8 years ago

Riddle: Jack 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. Jack then bumped into Don and told him that he would sell him his $2 pawn ticket for $1.50. Don agreed. Jack started out with $2 and he ended up with $3. Who is out the extra dollar and why?
Answer: Don is out the extra dollar. Before the pawn broker will return the $2 to the ticket holder, he will want the $1.50 which he advanced returned to him. Don will give the pawn broker the ticket and the $1.50, and the pawn broker will then return the $2.
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Source: https://www.riddles.com/662
COMMENT
Jack 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. Jack then bumped into Don and told him that he would sell him his $2 pawn ticket for $1.50. Don agreed. Jack started out with $2 and he ended up with $3. Who is out the extra dollar and why?
Pawn shop Ponzi scheme by Anonymous v1.


Riddle: Jack 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. Jack then bumped into Don and told him that he would sell him his $2 pawn ticket for $1.50. Don agreed. Jack started out with $2 and he ended up with $3. Who is out the extra dollar and why? Answer: Don is out the extra dollar. Before the pawn broker will return the $2 to the ticket holder, he will want the $1.50 which he advanced returned to him. Don will give the pawn broker the ticket and the $1.50, and the pawn broker will then return the $2.
by Anonymous v2.