IIFT 2018 Question Paper | Quants

IIFT Previous Year Paper | IIFT Quants Questions | Question 12

The best way to boost your IIFT prep is to practice the actual IIFT Question Papers. 2IIM offers you exactly that, in a student friendly format to take value from this. In the 2018 IIFT, Quants was a mixed bag of questions of varying difficulty, with some routine questions and the others were very demanding. Some beautiful questions that laid emphasis on Learning ideas from basics and being able to comprehend more than remembering gazillion formulae and shortcuts.

Question 12 : Garima had only Rs. 200. Rs. 500 and Rs. 2000 notes in her wallet. She goes to Shoppers Stop. purchases some dresses and gives half of her Rs. 2000 notes & in turn receives the same number of Rs. 200 notes. She then goes to a restaurant and gives all her Rs. 500 notes and receives thirty Rs. 2000 notes, which increases the number of Rs. 2000 notes she had by 75%. Now if she has fifty Rs. 200 notes. What was the original number of Rs. 2000 and Rs. 200 notes she had at the start?

1. 60, 10
2. 60, 15
3. 80, 10
4. 80, 15

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Let the number of notes be denoted by x, y and z

 200 500 1000 Initially x y z After SS x + z/2 y z/2 After R x + z/2 0 z/2 + 30
z/2 x 175/100 = z/2 + 30
= > z =80
x +z/2 =50
= > x =10

Choice C is the correct answer.

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