The missing $1 puzzle and more

Have you ever encountered this well-known puzzle about the missing $1?

Three people rent a room at $30. They pay $10 each and go up to the room. The owner realized he charged too much and it was only supposed to be $25. He sends the bell hop up with the $5. Each of the people keeps $1 and they give the bellhop $2 as they can't share it. So now each person has paid $9 for the room (total $27) and the bell hop has $2... where is the other $1???

See the solution to this and find many more puzzles on my new page of favorite challenging puzzles:


http://www.homeschoolmath.net/online/favorite_challenging_puzzles.php


Have fun! :^)
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