CAT 2008 — QA Question 23
Answer the following question based on the information given below.
Five horses, Red, White, Grey, Black and Spotted participated in a race. As per the rules of the race, the persons betting on the winning horse get four times the bet amount and those betting on the horse that came in second get thrice the bet amount. Moreover, the bet amount is returned to those betting on the horse that came in third, and the rest lose the bet amount. Raju bets Rs. 3000, Rs. 2000 Rs. 1000 on Red, White and Black horses respectively and ends up with no profit and no loss.
Which of the following cannot be true?
Answer & solution
- A
At least two horses finished before Spotted
- B
Red finished last
- C
There were three horses between Black and Spotted
There were three horses between White and Red
- E
Grey came in second
We solve this question by options.
If we consider option 4 to be true, then either the White or Red horse will finish first. It means that the amount Raju receives at the end of the race will be at least Rs. 8000 or Rs. 12000 (depending on which of the two horses finish first).
However, his investment at the start of the race was only Rs. 6000. So, his profit could never be zero; in the worst scenario he will at least make Rs. 2000.
∴ Option (d) cannot be true.
Hence, option (d).