Common Description:
An investment company, WinLose, recruits employees to trade in the share market. For newcomers, they have a one-year probation period. During this period, the employees are given Rs. 1 lakh per month to invest the way they see fit. They are evaluated at the end of every month, using the following criteria:
- If the total loss in any span of three consecutive months exceeds Rs. 20,000, their services are terminated at the end of that 3-month period,
- If the total loss in any span of six consecutive months exceeds Rs. 10,000, their services are terminated at the end of that 6-month period.
Further, at the end of the 12-month probation period, if there are losses on their overall investment, their services are terminated.
Ratan, Shri, Tamal and Upanshu started working for WinLose in January. Ratan was terminated after 4 months, Shri was terminated after 7 months, Tamal was terminated after 10 months, while Upanshu was not terminated even after 12 months. The table below, partially, lists their monthly profits(In Rs. ‘000) over the 12-month period, where x, y and z are masked information.
Note: 1. A negative profit value indicates a loss.
- The value in any cell is an integer.
Illustration: As Upanshu is continuing after March, that means his total profit during January-March(2z+2z+0) ≥ Rs.20,000. Similarly, as he is continuing after June, his total profit during January-June ≥ Rs.10,000, as well as his total profit during April-June ≥ Rs.20,000.
What BEST can be said about the profit generated by Upanshu at the end of his probation period?
A
Step-by-Step Solution
Key idea: This is an optimization under constraints question, recognizable because it asks for the "BEST" (minimum or maximum) possible value of a final outcome given a system of inequalities.
Step 1: Reuse the variable bounds derived from the common data and previous questions. We established that x = 10 and y = 58 are the only values satisfying all employees' termination/survival constraints.
Step 2: Focus on Upanshu, who survived all 12 months. His total profit must be >= 0, and he must not have violated any 3-month or 6-month loss constraints.
Step 3: From Upanshu's 6-month and 3-month constraints, we derive a lower bound for z. Specifically, analyzing his later months yields z >= 28.
Step 4: Calculate Upanshu's total 12-month profit. The sum of his monthly profits is expressed as: Total = 5z + y - x - 81 (in thousands).
Step 5: Substitute the known values and bounds: x = 10, y = 58, and z >= 28.
Total = 5z + 58 - 10 - 81 = 5z - 33.
Step 6: Apply the minimum value of z: Total >= 5(28) - 33 = 140 - 33 = 107.
Step 7: Since the values are in thousands, the minimum profit is Rs. 107,000. The question asks what BEST can be said, and "At least Rs. 107,000" is the mathematically sound lower bound.
Answer: At least Rs. 107,000.