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At a casino in Mumbai, there are 3 table...

At a casino in Mumbai, there are 3 tables A, B and C. The pay-offs at A is 10 : 1, at B is 20 : 1 and C is 30 : 1. If a man bets ₹ 200 at each table and win at two of the tables, what is the maximum and minimum difference between his earnings can be?

A

₹ 2500

B

₹ 2000

C

₹ 4000

D

none of these

Text Solution

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The correct Answer is:
To solve the problem, we need to calculate the earnings from each table based on the betting amounts and the respective pay-offs. The man bets ₹200 at each table A, B, and C. ### Step 1: Calculate the earnings from each table if he wins. 1. **Table A (Pay-off 10:1)**: - Bet: ₹200 - Earnings = Bet × Pay-off = ₹200 × 10 = ₹2000 - Total amount received = Bet + Earnings = ₹200 + ₹2000 = ₹2200 2. **Table B (Pay-off 20:1)**: - Bet: ₹200 - Earnings = Bet × Pay-off = ₹200 × 20 = ₹4000 - Total amount received = Bet + Earnings = ₹200 + ₹4000 = ₹4200 3. **Table C (Pay-off 30:1)**: - Bet: ₹200 - Earnings = Bet × Pay-off = ₹200 × 30 = ₹6000 - Total amount received = Bet + Earnings = ₹200 + ₹6000 = ₹6200 ### Step 2: Determine the combinations of winning at two tables. The man can win at two tables out of three. The possible combinations are: - Win at A and B - Win at A and C - Win at B and C ### Step 3: Calculate the total earnings for each combination. 1. **Win at A and B**: - Total earnings = Earnings from A + Earnings from B - Total earnings = ₹2200 + ₹4200 = ₹6400 2. **Win at A and C**: - Total earnings = Earnings from A + Earnings from C - Total earnings = ₹2200 + ₹6200 = ₹8400 3. **Win at B and C**: - Total earnings = Earnings from B + Earnings from C - Total earnings = ₹4200 + ₹6200 = ₹10400 ### Step 4: Calculate the maximum and minimum earnings. - Maximum earnings = ₹10400 (winning at B and C) - Minimum earnings = ₹6400 (winning at A and B) ### Step 5: Calculate the difference between maximum and minimum earnings. - Difference = Maximum earnings - Minimum earnings - Difference = ₹10400 - ₹6400 = ₹4000 ### Final Answer: The maximum difference between his earnings can be ₹4000, and the minimum difference is ₹0 (if he wins at the same two tables). ---
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