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## Such a Deal!

Math brain teasers require computations to solve.

 Puzzle ID: #360 Fun: (2.33) Difficulty: (1.99) Category: Math Submitted By: Phyllis Corrected By: MarcM1098

A man received an ad in the mail that promised to double his money. For every dollar he sent in, the ad guaranteed to return double his money minus a \$24 service charge. He thought that was a pretty good deal, so he sent in his money. In the return mail he received double his money less the \$24 service charge. He returned the money he had made and again it was doubled less the service charge. But, when he sent in the money a third time, he was charged the \$24 service fee, but received no money back. How much money did the man lose?

He lost \$21. Work backwards. If his last payment was doubled, less \$24, it must have been \$12. Payment two must have been \$18, and payment one \$21.
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