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Bunuel
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Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
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Bunuel

Tough and Tricky questions: Min/Max.



A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37

Nearest to \(1749 \approx{1750}\)

\(\frac{1750}{50} = 35\) (Caution: Collection is 1750 - 1 = 1749)

Counting 1 less = 50*34 = 1700 >> 49 remains which will be adjusted with the 34 members

51* 34 = 1734 >> 15 remains which will be adjusted with 15 members

52 * 15 + 51 * 19 = 780 + 969 = 1749

Answer = B
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go under 1749...say you have 34 people. that gives you 34*50= 1700. You still have $49 to go, but no one contributed under $50.
So go under 34...say you have 33 people. then you'd have $1650. Well now 33 people contributed $1650, and the 34th one contributed the rest to total to $1749.
B
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Bunuel

Tough and Tricky questions: Min/Max.



A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37


Total collection = $1749

We are asked to maximize the number of contributors. So, we must minimize the contribution. Consider each one contributed $50.

Option A) 33*50 = 1650. So much less the the collection

Option B) 34*50 = 1700.

Option C) 35*50 = 1750. one dollar more than the total collection .

The best answer is B.
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A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37

Solution:

In order to find the maximum number of contributors, most of the contributors should minimize the contribution which is $50

Let's go with the answer choices, for the questions asking maximum value it's always better to start with maximum value, here which is option E

33
34 34*50=$1700+49, thus 33 contributors will pay $50 and 1 contributor will pay $99
35 35*50=$1750 Eliminate as its greater than the amount collected
36 36*50=$1800 Eliminate as its greater than the amount collected
37 37*50=$1850, Eliminate as its greater than the amount collected

Hence Answer: B
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Bunuel

Tough and Tricky questions: Min/Max.



A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37


Total collection = $1749

We are asked to maximize the number of contributors. So, we must minimize the contribution. Consider each one contributed $50.

Option A) 33*50 = 1650. So much less the the collection

Option B) 34*50 = 1700.

Option C) 35*50 = 1750. one dollar more than the total collection .

The best answer is B.


Hi
I want to ask that why we want to minimize the contribution ?
Can you please elaborate it further ?
Thank you
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Bunuel

Tough and Tricky questions: Min/Max.



A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37


Total collection = $1749

We are asked to maximize the number of contributors. So, we must minimize the contribution. Consider each one contributed $50.

Option A) 33*50 = 1650. So much less the the collection

Option B) 34*50 = 1700.

Option C) 35*50 = 1750. one dollar more than the total collection .

The best answer is B.


Hi
I want to ask that why we want to minimize the contribution ?
Can you please elaborate it further ?
Thank you

The reason to minimize the contribution is to get the maximum number of contributors at the dinner as per the question asked

If there are 34 candidates:

All 33 candidates will pay min $50 which amounts to = 33*50=1650
and only 1 candidate will pay $99
thus, 1650+99=$1749, which equals the total contribution given.

Hope it is clear!
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Bunuel

Tough and Tricky questions: Min/Max.



A political candidate collected $1,749 from a fund raising dinner. If each supporter contributed at least $50, what is the greatest possible number of contributors at the dinner?

A. 33
B. 34
C. 35
D. 36
E. 37
The answer is B.

­A simple way to approach this question is, just remember --> In order to maximize the # of contributors, we must minimize each one's contribution, i.e. $50.
Now, 1749/50 = ~35 (it is actually 34.xxx because it is a little less than 1750). --> have to do good old approximation (practice getting good at it!) as our buddy GMAT doesn't let us use calculators :)
So, we are unable to reach 35 --> the maximum number of people is 34.­
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