In a racing event, at Mahalaxmi grounds, Subu wants to bet a certain amount on horses A and B.He gathers the following information:
For Horse A : If Horse A ranks ahead of Horse B, one gains 40% on the amount betted on Horse A and loses 24% on the same amount otherwise.
For Horse B : If Horse B ranks ahead of Horse A, one gains 16% on the amount betted onHorse B and loses 20% on the same amount otherwise. There cannot be a tie between the two horses.
Q1. The maximum return that Subu can be assured of is:
a. 0.8%
b. 1.6%
c. 1.2%
d. 2.4%
e. 1%
Q2. How should Subu distribute the amount he wants to bet so as to ensure the maximum guaranteed return?
a. 36 % on Horse A and 36% on Horse B
b. 64% on Horse A and 36% on Horse B
c. 50% on Horse A and 50% on Horse B
d. 40% on Horse A and 60% on Horse B
e. 60% on Horse A and 40% on Horse B
Q1. The return 'll be maximum when the bet amount is 36% on A and 64% on B and return is 1.6% ans c Q2. ans a plz get back if u have any doubt
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