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.

Math 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: The correct answer is don is out the extra dollar. Before the pawnbroker will return the $2 to the ticket holder, he will want the $1.50 which he advanced returned to him.

Don will give the pawnbroker the ticket and the $1.50, and the pawnbroker will then return the $2.

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