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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. Using the data from the first questions, if Amit pays only half  money from hags having an even sum of money as down payment, then find the amount which he will pay later.
  • a)
    1024
  • b)
    5904
  • c)
    1809
  • d)
    7952
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Amit went to buy an article, whose maximum retail cost is Rs. 10000, b...
For full down payment he carries 14 bags (10000 < 214)
According to the question he will pay from 13 bags and the least and highest amount that he can pay are 1 and 212
The maximum down payment =1 + 21 + 22....+ 212 = 213 - 1 =8191
The minimum amount to be paid later = 10000 - 8191 = 1809
Hence, option 3.
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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. Using the data from the first questions, if Amit pays only half money from hags having an even sum of money as down payment, then find the amount which he will pay later.a)1024b)5904c)1809d)7952Correct answer is option 'C'. Can you explain this answer?
Question Description
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. Using the data from the first questions, if Amit pays only half money from hags having an even sum of money as down payment, then find the amount which he will pay later.a)1024b)5904c)1809d)7952Correct answer is option 'C'. 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 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. Using the data from the first questions, if Amit pays only half money from hags having an even sum of money as down payment, then find the amount which he will pay later.a)1024b)5904c)1809d)7952Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 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. Using the data from the first questions, if Amit pays only half money from hags having an even sum of money as down payment, then find the amount which he will pay later.a)1024b)5904c)1809d)7952Correct answer is option 'C'. Can you explain this answer?.
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