What is the smallest possible amount of money ?
A grocer in a small business had managed to put aside (apart from his legitimate profits) little sum in dollar bills, half dollars, and quarters, which he kept in eight bags, there being the same number of dollar bills and of each kind of coin in every bag. One night he decided to put the money into only seven bags, again with the same number of each kind of currency in every bag. And the following night he further reduced the number of bags to six, again putting the same number of each kind of currency in every bag. The next night the poor demented miser tried to do the same with five bags, but after hours of trial he utterly failed, had a fit, and died, greatly respected by his neighbors. What is the smallest possible amount of money he had put aside?
He must have had 168 each of dollar bills, half dollars, and quarters, making a total of $294.00. In each of the six bags there would be 28 of each
kind; in each of the seven bags 24 of each kind; and in each of the eight bags, 21 of each kind.
Your Answer
More puzzles to try-
Ballon tragedy Riddle
One sunny afternoon, three men go for a ride on a hot air balloon over the Thar desert. After two ...Read More »Cook the egg for 15 minutes
You are trying to cook an egg for exactly fifteen minutes, but instead of a timer, you are given two ...Read More »Find the number of saucers
We have a circular dining table made of marble which has come down to us as a family heirloom. Ws ...Read More »Connecting 9 dots with 4 line puzzle
Look at the 9 dots in this image. Can you draw 4 straight lines, without picking up your pen, that ...Read More »Jacob’s Age
Jacob is 13 years old. His father John is 40 years old. How many years ago was Jacob’s father four ...Read More »you can see the letter E in the empty space.
Some people only see three angled lines, but if you look carefully you can actually see the letter E in ...Read More »Long but short
It is long but short. It can break but bend. It can be wood, tape, and almost anything if you ...Read More »One Word Riddle
Can anyone tell me a word in the English dictionary which has a silent ‘z’?Read More »Mother and Daughter
A mother is four times as old as her daughter. In 20 years she will be twice as old as ...Read More »The Two trains Riddle
Train A, traveling 70 miles per hour (mph), leaves Mexico city heading toward Atlixco city, 260 miles away. At the ...Read More »How Many Babies Will Be Born In The Year 2016?
If three babies are born every second of the day, Then how many babies will be born in the year 2016? ...Read More »Which clock works best?
Which clock works best? The one that loses a minute a day or the one that doesn’t work at all?Read More »How many meters does Lavesh beat Lewis by ?
Lavesh, Bolt, and Lewis race each other in a 100 meters race. All of them run at a constant speed ...Read More »Wingless he fly
He love to dance, twist and prance, he shake his tail, as away he sail, wingless he fly into the ...Read More »What is it riddle
What flies when it’s born, lies when it’s alive, and runs when it’s dead?Read More »All where in life
It can be seen in everyday life. It has been around for many years. It can be any color we ...Read More »1000 Buildings And Number Of Zeros Puzzles
Fry Link street has 1000 buildings. A sign board maker is contracted to number the houses from 1 to 1000. How ...Read More »Find the Poisonous Pill
There are 8 pills. They are all of the same size and color. One pill weighs slightly more and is ...Read More »What room can no one enter?
What room can no one enter?Read More »Out of box thinking in Five start hotel puzzle
In a five star hotel, a man was sleeping when he heard a knock on the door. He shifted the ...Read More »