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  • Question
  • A person starting with 64 rupees and making 6 bets, wins three times and loses three times, the wins and loses occurring in random order. The chance for a win is equal to the chance for a loss. If each wager is for half the money remaining at the time of the bet, then the final result is:


  • Options
  • A. A gain of Rs. 27
  • B. A loss of Rs. 37
  • C. A loss of Rs. 27
  • D. A gain of Rs. 37

  • Correct Answer
  • A loss of Rs. 37 

    Explanation

    As the win leads to multiplying the amount by 1.5 and loss leads to multiplying the amount by 0.5, we will multiply the initial amount by 1.5 thrice and by 0.5 thrice (in any order).

    The overall resultant will remain same.

    So final amount with the person will be (in all cases):

    64(1.5)(1.5)(1.5)(0.5)(0.5)(0.5)= Rs. 27

    Hence the final result is: 

    64 27 37

    A loss of Rs.37

  • Tags: AIEEE, Bank Exams, CAT, GATE, Bank Clerk, Bank PO

    More questions

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      A Shopkeeper purchased some books from a publication worth ? 750. Because of some reasons, he had to sell two-fifth part of the book at a loss of 15%. On which gain he should sell his rest of the books, so that he gets neither nor loss

    • Options
    • A. 10%
    • B. 9%
    • C. 12%
    • D. 15%
    • Discuss
    • 2. 
      A 200 m long rain is running at a speed of 54 km/hr. On the parallel and a different track, another train 300 m long is running at a speed of 72 km/hr. Both the trains are running in the same direction. Find out how much will it take the train to cross each other?

    • Options
    • A. 90 sec
    • B. 100 sec
    • C. 120 sec
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    • 3. Three partners shared the profit in a business in the ratio 5 : 7 : 8. They had partnered for 14 months, 8 months and 7 months respectively. What was the ratio of their investments?

    • Options
    • A. 5 : 7 : 8
    • B. 20 : 49 : 64
    • C. 38 : 28 : 21
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    • 4. The percentage increase in the area of a rectangle, if each of its sides is increased by 20% is:

    • Options
    • A. 40%
    • B. 42%
    • C. 44%
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    • Discuss
    • 5. In a mixture 60 litres, the ratio of milk and water 2 : 1. If this ratio is to be 1 : 2, then the quanity of water to be further added is:

    • Options
    • A. 20 litres
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    • 6. 
      A certain number of men can do a piece of work in 80 days. If there were 10 men less, it could be finished in 20 days more. How many men are there in the starting?

    • Options
    • A. 45
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    • 7. 
      When a 192 meters long rod is cut down into small pieces of length 3.2 meters each. Then how many pieces are available?

    • Options
    • A. 52
    • B. 68
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    • Discuss
    • 8. 
      The amount instalment will discharge on debit of Rs 3220 due in 4 year at 10 % simple interest?

    • Options
    • A. 500
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    • Discuss
    • 9. 
      The sum of the ages of a mother and a daughter is 50 years. Also, 5 years ago, the mother's age was 7 times of the age of her daughter. The present ages of the mother and the daughter respectively are?

    • Options
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