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.
Let us compute the total asset base = This is Rs. 70 lakhs + Rs. 50 lakhs + Rs. 3 * 30 lakhs + n (Where number of gold coins is n).
Or, 210 lakhs + n is what the total asset base. This is equally distributed, or n should be a multiple of 3. So, let us rewrite n as 3m. Let us say the total asset base is 210 + 3m. Each child should get 70 + m. The gold coins were also equally distributed. This tells us that each child got m gold coins each. This makes life simple. Now, the non-gold coin part should have been equally distributed. So, each child should have gotten Rs. 70 lakhs worth stuff. What can we infer from here?
So, each child should have gotten Rs. 70 lakhs worth stuff.
1. Whoever gets the house cannot get a flat. Or, the person who gets the house should get Rs. 20 lakhs in cash.
2. No one can get all three flats. So, the flats get distributed as 1 and 2 to the two remaining children. So, one child gets House + Rs. 20 lakhs, one gets one flat plus Rs. 40 lakhs, and the third received two flats and Rs. 10 lakhs.
3. Beyond all this they receive an equal number of gold coins.
No one can get all three flats. So, the flats get distributed as 1 and 2 to the two remaining children. So, one child gets House + Rs. 20 lakhs, one gets one flat plus Rs. 40 lakhs, and the third received two flats and Rs. 10 lakhs.
Neeta receives 2 flats and Rs. 10 lakhs, Geeta receives one flat and Rs. 40 lakhs and Seeta gets house and Rs. 20 lakhs.
1. How much did Seeta receive in bank deposits (in lakhs of rupees)?
Ans. From the stem, it is clear that Seeta receives a house and Rs. 20 lakhs in bank deposits. Answer choice (C).
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