Assets

CAT 2017 Slot 2 · DILR · Medium · Logical Puzzle

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Passage / data set

An old woman had the following assets: (a) Rs. 70 lakh in bank deposits (b) 1 house worth Rs. 50 lakh (c) 3 flats, each worth Rs. 30 lakh (d) Certain number of gold coins , each worth Rs. 1 lakh

She wanted to distribute her assets among her three children; Neeta, Seeta and Geeta. The house, any of the flats or any of the coins were not to be split. That is, the house went entirely to one child; a flat went to one child and similarly, a gold coin went to one child. Among the three, Neeta received the least amount in bank deposits, while Geeta received the highest. The value of the assets was distributed equally among the children, as were the gold coins.

Question 1 of 4

How much did Seeta receive in bank deposits (in lakhs of rupees)?

  1. A.

    30

  2. B.

    40

  3. C.

    20

  4. D.

    10

Answer

C

Explanation

Total value of assets distributed equally implies each child gets equal overall value. Bank deposits = 70 lakh. Neeta < Seeta < Geeta in bank deposits. Sum of bank deposits = 70. Since values are multiples of 10: Neeta = 10, Seeta = 20, Geeta = 40.

Question 2 of 4

How many flats did Neeta receive?

Answer

2

Explanation

To balance the values equally among the children, Neeta receives 2 flats (value 60 lakh) and 10 lakh in bank deposits (total non-coin asset = 70 lakh).

Question 3 of 4

The value of the assets distributed among Neeta, Seeta and Geeta was in the ratio of 1:2:3, while the gold coins were distributed among them in the ratio of 2:3:4. One child got all three flats and she did not get the house. One child, other than Geeta, got Rs. 30 lakh in bank deposits. How many gold coins did the old woman have?

  1. A.

    72

  2. B.

    90

  3. C.

    180

  4. D.

    216

Answer

B

Explanation

Based on the ratio 1:2:3 for overall asset value and 2:3:4 for gold coins, setting up equations yields total gold coins = 90.

Question 4 of 4

The value of the assets distributed among Neeta, Seeta and Geeta was in the ratio of 1:2:3, while the gold coins were distributed among them in the ratio of 2:3:4. One child got all three flats and she did not get the house. One child, other than Geeta, got Rs. 30 lakh in bank deposits. How much did Seeta get in bank deposits (in lakhs of rupees)?

Answer

20

Explanation

Solving the updated constraints gives Seeta getting Rs. 20 lakh in bank deposits.

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