A total of Rs.10000 is distributed among 120 persons as gift. A gift is either of Rs.50 or Rs.100. Find the number of gifts of each type. [4 MARKS]
Concept:1 Mark
Application: 2 Marks
Answer: 0.5 Mark each
Total number of gifts = 120
Let the number of Rs.50 is x
Then the number of gifts of Rs.100 is (120 - x)
Amount spent on x gifts of Rs.50 = Rs.50x
Amount spent on (120 - x) gifts of Rs.100 = Rs.100(120 - x)
Total amount spent for prizes = Rs.10000
According to the question,
50x+100(120−x)=10000
⇒50x+12000−100x=10000
⇒−50x=10000−12000
⇒−50x=−2000
⇒x=200050
⇒x=40
⇒120−x=120−40=80
Therefore, gifts of Rs.50 are 40 and gifts of Rs.100 are 80.