Question

You are asked to distribute ​$1100 in prize money. The dollar amounts for the prizes are​ $625, $125,​ $25, $5, and​ $1. How should this money be distributed in order to give the fewest number of​ prizes?

Answer 1

Answer:

Let us consider that the aggregate sum that will be disseminated is 1100

The prizes are to be dispersed of sums $625, $125, $25, $5, $1

So as to have least number of prizes the enormous prize sums are to be dispersed.

So we can disperse one prize of the sum $ 625& residual sum is (1100 - 625) = 475

Presently the sum $475 is appropriated as three prizes of the sum $125 and four prizes of the sum $25.

So the complete prizes are one prize of the sum $625, three prizes of the sum $125 and four prizes of the sum $25.

In this way the sum $1100 is circulated as 1 prize of $625, 3 prizes of $125 and 4 prizes of $25.