It then dispenses notes such that the number of notes of the customer’s preferred denomination exceeds the total number of notes of other denominations dispensed to her.
In how many different ways can the ATM serve a customer who gives 500 rupee notes as her preference?
Correct Answer: 7
Solution and Explanation
The ATM dispenses only 500, 200 and 100 notes and since 500 rupee notes is the preference, it has to dispense more 500 rupee notes than the other two notes combined. The following ways are possible:
Hence, a total of seven ways are possible.Ans : 7
If the ATM could serve only 10 customers with a stock of fifty 500 rupee notes and a sufficient number of notes of other denominations, what is the maximum number of customers among these 10 who could have given 500 rupee notes as their preferences?
Correct Answer: 6
Solution and Explanation
To serve the maximum number of customers with 500 rupee notes as preference, we need to minimize the number of 500 rupee notes that can be served to any person.
From the above solution, the minimum number of 500 rupee notes that the ATM can dispense to any person with 500 rupee notes as his/her preference is 8. Hence, with fifty 500 rupee notes, a total of 6 persons can be served. Ans : 6
What is the maximum number of customers that the ATM can serve with a stock of fifty 500 rupee notes and a sufficient number of notes of other denominations, if all the customers are to be served with at most 20 notes per withdrawal?
- 10
- 16
- 12
- 13
The Correct Option is C
Solution and Explanation
The correct answer is (C):
Since there are a limited number of 500 rupee notes, we can minimize the number of 500 rupee notes dispensed to each customer, while ensuring that each customer is served at most 20 notes.
If no 500 rupee notes is dispensed, the minimum number of notes that must be dispensed is 25 (all 200 rupee notes). This is not possible.
If one 500 rupee note is dispensed, the minimum number of notes is 14 (one 500 rupee note, twelve 200 rupee notes and one 100 rupee note). This is also not possible.
If two 500 rupee notes are dispensed, the minimum number of notes is 22 (two 500 rupee notes and twenty 200 rupee notes).
If three 500 rupee notes are dispensed, the minimum number of notes is 21 (three 500 rupee notes, seventeen 200 rupee notes and one 100 rupee note). If four 500 rupee notes are dispensed, the minimum number of notes is 19 (four 500 rupee notes and fifteen 200 rupee notes). Hence, the minimum number of 500 rupee notes that can be dispensed to any person is 4. With fifty 500 rupee notes, a maximum of 12 persons can be served. Ans : 12
What is the number of 500 rupee notes required to serve 50 customers with 500 rupee notes as their preferences and another 50 customers with 100 rupee notes as their preferences, if the total number of notes to be dispensed is the smallest possible?
- 800
- 750
- 900
- 1400
The Correct Option is C
Solution and Explanation
The correct answer is (C): To minimize the number of notes to be served to a person with 100 rupee notes as his/her preference, we can maximize the number of 500 rupee notes served to him, keeping the 100 rupee notes more than the sum of the other two denominations.
This is possible if the machine serves eight 500 rupee notes and ten 100 rupee notes. Hence, the total number of 500 rupee notes required to serve 50 customers with 100 rupee notes as his/her preference = 8 × 50 = 400
Total number of 500 rupee notes required in the given scenario = 500 + 400 = 900 Ans : 900
Note: Given that the ATM dispenses 500-, 200- and 100-rupee notes. A possible interpretation of this is that at least one note of each denomination is dispensed. However, as there is no additional information supporting this, you should also consider the cases in which not all the three denominations are dispensed.
Top Questions on Conclusion
- Faculty members in a management school can belong to one of four departments – Finance and Accounting (F&A), Marketing and Strategy (M&S), Operations and Quants (O&Q) and Behaviour and Human Resources (B&H). The numbers of faculty members in F&A, M&S, O&Q and B&H departments are 9, 7, 5 and 3 respectively. Prof. Pakrasi, Prof. Qureshi, Prof. Ramaswamy and Prof. Samuel are four members of the school's faculty who were candidates for the post of the Dean of the school. Only one of the candidates was from O&Q. Every faculty member, including the four candidates, voted for the post. In each department, all the faculty members who were not candidates voted for the same candidate. The rules for the election are listed below.
1. There cannot be more than two candidates from a single department.
2. A candidate cannot vote for himself/herself.
3. Faculty members cannot vote for a candidate from their own department.
After the election, it was observed that Prof. Pakrasi received 3 votes, Prof. Qureshi received 14 votes, Prof. Ramaswamy received 6 votes and Prof. Samuel received 1 vote. Prof. Pakrasi voted for Prof. Ramaswamy, Prof. Qureshi for Prof. Samuel, Prof. Ramaswamy for Prof. Qureshi and Prof. Samuel for Prof. Pakrasi - There are only four neighbourhoods in a city-Levmisto, Tyhrmisto,Pesmisto and Kitmisto. During the onset of a pandemic,the number of new cases of a disease in each of these neighbourhoods was recorded over a period of five days. On each day, the number of new cases recorded in any of the neighbourhoods was either 0,1,2 or 3.
The following facts are also known:
1. There was at least one new case in every neighbourhood on Day 1.
2. On each of the five days, there were more new cases in Kitmisto than in Pesmisto.
3. The number of new cases in the city in a day kept increasing during the five-day period. The number of new cases on Day 3 was exactly one more than that on Day 2.
4. The maximum number of new cases in a day in Pesmisto was 2 and this happenedonly once during the five-day period.
5. Kitmisto is the only place to have 3 new cases on Day 2.
6. The total numbers of new cases in Levmisto,Tyhrmisto,Pesmisto and Kitmisto over the five-day period were 12,12,5 and 14 respectively. - The Humanities department of a college is planning to organize eight seminars, one for each of the eight doctoral students - A, B, C, D, E, F, G and H. Four of them are from Economics, three from Sociology and one from Anthropology department. Each student is guided by one among P, Q, R, S and T. Two students are guided by each of P, R and T, while one student is guided by each of Q and S. Each student is guided by a guide belonging to their department.
Each seminar is to be scheduled in one of four consecutive 30-minute slots starting at 9:00 am, 9:30 am, 10:00 am and 10:30 am on the same day. More than one seminars can be scheduled in a slot, provided the guide is free. Only three rooms are available and hence at the most three seminars can be scheduled in a slot. Students who are guided by the same guide must be scheduled in consecutive slots.
The following additional facts are also known.
1. Seminars by students from Economics are scheduled in each of the four slots.
2. A’s is the only seminar that is scheduled at 10:00 am. A is guided by R.
3. F is an Anthropology student whose seminar is scheduled at 10:30 am.
4. The seminar of a Sociology student is scheduled at 9:00 am.
5. B and G are both Sociology students, whose seminars are scheduled in the same slot. The seminar of an Economics student, who is guided by T, is also scheduled in the same slot.
6. P, who is guiding both B and C, has students scheduled in the first two slots.
7. A and G are scheduled in two consecutive slots. - Ten musicians (A, B, C, D, E, F, G, H, I and J) are experts in at least one of the following three percussion instruments: tabla, mridangam, and ghatam. Among them, three are experts in tabla but not in mridangam or ghatam, another three are experts in mridangam but not in tabla or ghatam, and one is an expert in ghatam but not in tabla or mridangam. Further, two are experts in tabla and mridangam but not in ghatam, and one is an expert in tabla and ghatam but not in mridangam.
The following facts are known about these ten musicians.
1. Both A and B are experts in mridangam, but only one of them is also an expert in tabla.
2. D is an expert in both tabla and ghatam.
3. Both F and G are experts in tabla, but only one of them is also an expert in mridangam.
4. Neither I nor J is an expert in tabla.
5. Neither H nor I is an expert in mridangam, but only one of them is an expert in ghatam. - A large store has only three departments, Clothing, Produce, and Electronics. The following figure shows the percentages of revenue and cost from the three departments for the years 2016, 2017 and 2018. The dotted lines depict percentage levels. So for example, in 2016, 50% of store's revenue came from its Electronics department while 40% of its costs were incurred in the Produce department.
In this setup, Profit is computed as (Revenue – Cost) and Percentage Profit as Profit/Cost × 100%.
It is known that
1. The percentage profit for the store in 2016 was 100%.
2. The store’s revenue doubled from 2016 to 2017, and its cost doubled from 2016 to 2018.
3. There was no profit from the Electronics department in 2017.
4. In 2018, the revenue from the Clothing department was the same as the cost incurred in the Produce department.
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