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Group Question
Answer the following question based on the information given below.

Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all his money distributed in 'n' bags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.
On the basis of this information, answer the questions below.
 
Q. What should be the minimum number of bags Amit should  carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?
  • a)
    11
  • b)
    12
  • c)
    13
  • d)
    14
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Group QuestionAnswer the following question based on the information g...
Suppose a person has Re. 1, he will have only 1 bag = 2
Suppose he has Rs. 2, he should have two bags having Re. 1 in each bag. So that he will be able to pay Re. 1 or Rs. 2(without Partial withdrawal).
So, in order to pay amount less than or equal to Rs. 2, number of bags required = 21
Suppose he has Rs. 3, he should have two bags, one having Re. 1 and the other having Rs. 2, so that he will be able to pay Re. 1 or Rs. 2(without Partial withdrawal).
So, in order to pay amount less than or equal to Rs. 3, number of bags required = 21
3  22 and number of bags required is 2.
As 7  23, one need to have 3 bags with amount 1, 2 and 4, in order to pay any amount between 1 and 7. Continuing likewise, we can further generalize that 
If N  2n, one should have n bags with amounts 20, 21, 22, 23, ... , 2n-1, in order to pay any amount between 1 and N.
9999  214
In order to pay any amount as a down payment, Amit should have 14 bags having 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 210, 211, 212, 213 rupees.
Hence, option 4.
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Group QuestionAnswer the following question based on the information given below.Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer?
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Group QuestionAnswer the following question based on the information given below.Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Group QuestionAnswer the following question based on the information given below.Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Group QuestionAnswer the following question based on the information given below.Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer?.
Solutions for Group QuestionAnswer the following question based on the information given below.Amit went to buy an article, whose maximum retail cost is Rs. 10000, but due to festival season the shopkeeper had offered various discounts, there was also an option for a buyer to pay the price by interest-free equal monthly installments (EMI), where the buyer can pay, down-payment of even Re.1. The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.
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The person did not know anything about offers/price beforehand, so he took all hismoney distributed in nbags, such that each bag has unique amount (partial withdrawal from any bag is not possible), but when he came to know about the EMI option, he preferred to opt for that option.On the basis of this information, answer the questions below.Q. What should be the minimum number of bags Amit should carry so that, he should be able to pay any amount as a down payment from Re. 1 to Rs. 9999?a)11b)12c)13d)14Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CAT tests.
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