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A "Collector's Coin Set" contains a one dollar coin, a fifty

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Joined: 06 Sep 2013
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Concentration: Finance
GMAT 1: 710 Q48 V39
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A "Collector's Coin Set" contains a one dollar coin, a fifty [#permalink]  20 Sep 2013, 15:56
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A "Collector's Coin Set" contains a one dollar coin, a fifty-cent coin, a quarter (= 25 cents), a dime (= 10 cents), a nickel (= 5 cents), and a penny (= 1 cent). The Coin Sets are sold for the combined face price of the currency. If Colin buys as many Coin Sets as he can with the $25 he has, how much change will Colin have left over? Math Expert Joined: 02 Sep 2009 Posts: 27058 Followers: 4185 Kudos [?]: 40432 [0], given: 5421 Re: A "Collector's Coin Set" contains a one dollar coin, a fifty [#permalink] 20 Sep 2013, 16:40 Expert's post jlgdr wrote: A "Collector's Coin Set" contains a one dollar coin, a fifty-cent coin, a quarter (= 25 cents), a dime (= 10 cents), a nickel (= 5 cents), and a penny (= 1 cent). The Coin Sets are sold for the combined face price of the currency. If Colin buys as many Coin Sets as he can with the$25 he has, how much change will Colin have left over?

Combined value = 1 + 0.5 + 0.25 + 0.1 + 0.05 + 0.01 = 1.91.

He can buy 13 sets for 24.83 and the change will be 17 cents.
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Re: A "Collector's Coin Set" contains a one dollar coin, a fifty   [#permalink] 20 Sep 2013, 16:40
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