Find all School-related info fast with the new School-Specific MBA Forum

It is currently 18 Jun 2013, 00:10
Customize  |  Hide

A certain organization presents reward to some people...

  Question banks Downloads My Bookmarks Reviews  
Author Message
TAGS:
1 KUDOS received
Intern
Intern
Joined: 04 Sep 2009
Posts: 49
Followers: 1

Kudos [?]: 3 [1] , given: 9

A certain organization presents reward to some people... [#permalink] New post 15 Oct 2012, 19:37
1
This post received
KUDOS
00:00

Question Stats:

81% (02:08) correct 18% (06:00) wrong based on 16 sessions
A certain organization presents reward to some people. There are 3 kinds of reward that respectively are $125, $40, $15. If the total reward is $1,735, what is the least possible value of the number of the people who received reward?

a. 17
b. 22
c. 32
d. 47
e. 90

[Reveal] Spoiler:
A
[Reveal] Spoiler: OA

_________________

Aeros
"Why are you trying so hard to fit in when you were born to stand out?"
"Do or do not. There is no 'try'..."

3 KUDOS received
Director
Director
User avatar
Status: Disappointed devil..
Joined: 15 Sep 2012
Posts: 591
Location: India
Concentration: Strategy, General Management
WE: Information Technology (Computer Software)
Followers: 20

Kudos [?]: 229 [3] , given: 23

GMAT ToolKit User
Re: A certain organization presents reward to some people... [#permalink] New post 15 Oct 2012, 20:55
3
This post received
KUDOS
aeros232 wrote:
A certain organization presents reward to some people. There are 3 kinds of reward that respectively are $125, $40, $15. If the total reward is $1,735, what is the least possible value of the number of the people who received reward?

a. 17
b. 22
c. 32
d. 47
e. 90

[Reveal] Spoiler:
A

from question :
1735= 125A + 40B +15C
Since we have 3 variables and only other information we can infer is that each of A, B and C should be non negative integer (>=0). Hence, we need to plug in numbers to find out.
Now since the question is asking for 'least' number of rewards, best approach to start with is -finding least 'possible' number of rewards - it can happen when every award is 125. So number of reward in this case 1735/125 = 13 + some remainder. hence ans must be greater than 14.

So we can start with A=13
This gives us
1735 = 13*125 + 40B +15C
or 40B + 15C =110
or 8B + 3C =22
Do we have any combination for B and C that works for this? yes.. if B=C=2.
Hence total number of rewards = A+B+C=13+2+2 = 17

same is given in A.

At this point, some observations could also be made. There could be a doubt in mind, what if A=12 and B+C <5? but note, it is not possible because for every A reduced, difference (125) is to be filled by at least 4 of Bs and Cs (40 and 15 respectively). Second, none of the answer choices is below 17.

Hence Ans A it is.
_________________

Lets Kudos!!! ;-)
Black Friday Debrief
Most important component: Cast you vote

1 KUDOS received
Senior Manager
Senior Manager
User avatar
Joined: 13 Aug 2012
Posts: 468
Followers: 13

Kudos [?]: 88 [1] , given: 11

GMAT ToolKit User GMAT Tests User
Re: A certain organization presents reward to some people... [#permalink] New post 11 Dec 2012, 00:11
1
This post received
KUDOS
To get the minimum value, one must maximize the largest price: $125
\frac{1735}{125}=\frac{347}{25}=13rem.110

Note that 13*125=1625 so we calculate the remaining reward 40A + 15B = 110
Again to get minimum value, maximize the largest remaining reward: $40

\frac{110}{40}=2rem.30
Note that 40*2=80 so we calculate the remaining reward 15B = 110 - 80 =30


\frac{30}{15}=2

Thus, 13 + 2 + 2 = 17

Answer: A
Re: A certain organization presents reward to some people...   [#permalink] 11 Dec 2012, 00:11
    Similar topics Author Replies Last post
Similar
Topics:
New posts In a certain group of people, some own Ferrari, others stolyar 4 26 Sep 2003, 02:49
New posts It is often said that people should be rewarded for doing a crackgmat3 9 06 Oct 2004, 20:51
New posts Music critic: Some people argue that, unlike certain works chunjuwu 9 29 Apr 2005, 06:55
New posts It is often said that people should be rewarded for doing a WinWinMBA 7 11 May 2005, 16:06
New posts It is often said that people should be rewarded for doing a mailtheguru 7 12 Aug 2006, 17:29
Display posts from previous: Sort by

A certain organization presents reward to some people...

  Question banks Downloads My Bookmarks Reviews  


GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.