posted by abby .
A woman buys a $ 78 necklace at a jewelry store. She gives the jeweler a check for $ 100. Because he does not have the $ 22 change, he goes to another merchant next door. There he exchanges the woman's check for $ 100 in cash. He returns and Gives the woman the necklace and her Change. Later the Check is returned by the Bank as unpayable and he must repay the Other Merchant. He originally paid $ 39 for the necklace. What is his total out-of-pocket Loss?