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

 It is currently 27 Apr 2015, 22:59

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A tourist purchased a total of $1,500 worth of travelers  Question banks Downloads My Bookmarks Reviews Important topics Author Message TAGS: Intern Joined: 31 Jan 2004 Posts: 38 Location: Dallas Texas Followers: 0 Kudos [?]: 0 [0], given: 0 A tourist purchased a total of$1,500 worth of travelers [#permalink]  06 Jul 2004, 08:33
00:00

Difficulty:

(N/A)

Question Stats:

100% (02:04) correct 0% (00:00) wrong based on 1 sessions
A tourist purchased a total of $1,500 worth of travelerâ€™s checks in$10 and $50 denominations. During the trip the tourist cashed 7 checks and then lost all of the rest of the number of$10 checks cashed was one more or one less than the number of $50 checks cashed, what is the minimum possible value of the checks that were lost? (A)$1,430
(B) $1,310 (C)$1,290
(D) $1,270 (E)$1,150

A gmat+ PS question typed 'as is' from the pdf file.
 Kaplan GMAT Prep Discount Codes Knewton GMAT Discount Codes Veritas Prep GMAT Discount Codes
Senior Manager
Joined: 05 Feb 2004
Posts: 291
Location: USA
Followers: 1

Kudos [?]: 3 [0], given: 0

D...
In the seven cashed checks, for minimum value we need the 10$checks to be 3 and 50$ to be 4, which gives a total value of 230.
Hence lost money = 1500 - 230 = 1270...!!
Intern
Joined: 04 Aug 2003
Posts: 30
Location: Texas
Followers: 0

Kudos [?]: 0 [0], given: 0

Both B and D satisfy the statements. But only D is the minimum value.

So ans is D.
Manager
Joined: 08 Jun 2004
Posts: 245
Location: INDIA
Followers: 2

Kudos [?]: 5 [0], given: 0

total=7 chkz...

10$x+ 50$(x+1) = 230 where x=3

x is taken 3 because... $10 could be one more or less by one... we can also get the ans 190$ but that wud be not the LEAST as asked...
hence D = ans as given

hope that helps!

Have fun...
_________________

the whole worldmakes way for the man who knows wer he's going... good luck

Similar topics Replies Last post
Similar
Topics:
3 Micheal purchased a total of $1,200 worth of traveler’s chec 5 26 Jul 2013, 22:31 10 Tourist purchased a total of 30 travelers checks in$50 and 10 26 Aug 2012, 17:57
5 A tourist purchased a total of $1,500 worth of traveler’s 7 23 Mar 2011, 10:37 1 Advance Purchase Discount for Airline Travel 6 15 Jan 2008, 07:23 Is it worth$1,500? 7 20 Apr 2007, 05:28
Display posts from previous: Sort by