Lakshmi is a cashier in a bank. She has currency notes of
denominations Rs 100, Rs 50 and Rs 10, respectively. The ratio of the number of
these notes is 2:3:5. The total cash with Lakshmi is Rs 4,00,000. How many notes
of each denomination does she have?
Answer:
Let total number of notes be y
So, fraction of notes of Rs 100 denomination = 2/ (2+3+5) =
2/ 10 = 0.2
So, fraction of notes of Rs 50 denomination = 3/ (2+3+5) = 3/
10 = 0.3
So, fraction of notes of Rs 100 denomination = 5/ (2+3+5) = 5/
10 = 0.5
Therefore, 0.2y x 100 + 0.3y x 50 + 0.5y x 10 = 400000
Or 20y +15y + 5y = 400000
Or, 40y = 400000
Or, y = 400000/40 = 10000
So, 100 denomination notes = 0.2 x 10000 = 2000
So, 50 denomination notes = 0.3 x 10000 = 3000
So, 10 denomination notes = 0.5 x 10000 = 5000
Check:
2000 x 100 = 200000
3000 x 50 = 150000
5000 x 10 = 50000
SO, total = 200000 + 150000 + 50000 = 400000
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