Question 5

The average of three unequal quotations for a particular share is Rs.110. If all are quoted in integral values of rupee, does the highest quotation exceed Rs. 129?
I. The lowest quotation Rs. 100.
II. One of the quotations is Rs. 115.

Solution

As Avg. of 3 quotations is 110, so the sum of them will be 330
Now considering 1st statement alone, if the lowest quotation is 100, then highest can not exceed 129 because then the sum of all three will exceed from 330.
So we can get the answer by considering the first statement only.


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