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# A tourist purchased a total of \$1,500 worth of travelers

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Intern
Joined: 31 Jan 2004
Posts: 38

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Location: Dallas Texas
A tourist purchased a total of \$1,500 worth of travelers [#permalink]

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06 Jul 2004, 09:33
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Question Stats:

100% (00:41) correct 0% (00:00) wrong based on 14 sessions

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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.

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Senior Manager
Joined: 05 Feb 2004
Posts: 290

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Location: USA

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06 Jul 2004, 10:51
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...!!

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Intern
Joined: 04 Aug 2003
Posts: 30

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Location: Texas

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06 Jul 2004, 11:25
Both B and D satisfy the statements. But only D is the minimum value.

So ans is D.

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Manager
Joined: 08 Jun 2004
Posts: 245

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Location: INDIA

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06 Jul 2004, 12:26
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

Kudos [?]: 9 [0], given: 0

06 Jul 2004, 12:26
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