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Question 19

A donation box can receive only cheques of ₹100, ₹250, and ₹500. On one good day, the donation box was found to contain exactly 100 cheques amounting to a total sum of ₹15250. Then, the maximum possible number of cheques of ₹500 that the donation box may have contained, is


Correct Answer: 12

Solution

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Let the number of 100 cheques, 250 cheques and 500 cheques be x, y and z respectively.

We need to find the maximum value of z.

x + y + z = 100 ...... (1)

100x + 250y + 500z = 15250

2x + 5y + 10z = 305 ...... (2)

2x + 2y + 2z = 200 ....... (1)

(2) - (1), we get

3y + 8z = 105

At z = 12, x = 3

Therefore, maximum value z can take is 12.

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