Puzzle of the day :ANSWER POSTED

Todd Smith

Take them both. Did I just write that? :doh: Take both of them.

Todd Smith

Member 96

Are you making a statement of some kind here? I fail to see the "puzzle" aspect of this.

Raj Lal

Its a very simple objective question , and in a way its a real puzzle because, a lot of companies that trick you into a scam like that. you need to think hard before choosing your answer

Omit Needless Words - Strunk, William, Jr.

Member 96

Well I must be missing something here; clearly the first choice pays the most money over the long term, however the second choice pays the most money over the first 12 month period which could be a factor if you do not remain employed for the first full year. No puzzle there at all that I can see.

Wags

I'm sure it's meant to be a serious puzzle but it still doesn't make sense to me. Faulty reasoning? :confused: http://www.cut-the-knot.org/arithmetic/Kline-Loyd.shtml[^] Perhaps Quartz could explain in his own words.:suss:

Maksym Petrenko

Huh, I think I see the difference. For some reason they assume that every six month your six-month salary will be raised by 50, which sums up to 100 rise/year instead of just 50/year as you might think if you rise your annual salary by 50 as it should be from the text :~

Raj Lal

Will go for the SECOND JOB for the obvious fact that it pays more at any point of time may it be one year, two year or even more let's see Now it's clear that if one worked for up to six months then both would pay the same – ie, 90,000 in all. But if one worked for six to 12 months then the second job would pay more because from the seventh month it would pay that much extra, adding up to 95,000 for the next six months. But what about subsequently? FOR FIRST JOB (20,000 inc, annualy) First year : would pay 90,000 + 90,000 = 180,000; Second Year : it will pay 100,000 + 100,000 = 200,000; Third year : 110,000 + 110,000 = 220,000. Total = 600,000. Whereas for the SECOND JOB (5000 inc, 6 monthly) First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000 So what will you go for again ? Beware a lot of companies DO trick people into a scam like that. have a good day !

Omit Needless Words - Strunk, William, Jr.

Raj Lal

posted the answer check if that satisfies you

Omit Needless Words - Strunk, William, Jr.

Raj Lal

check the answer here[^]

Omit Needless Words - Strunk, William, Jr.

Raj Lal

have posted the solution here[^] see for yourself

Omit Needless Words - Strunk, William, Jr.

Nish Nishant

First Job : 3 years : 600, 000 - I agree. Second job, your calculations don't seem to be right.

Quartz... wrote:

First year: It would pay 90,000 + 95,000 = 185,000; Second year: 100,000 + 105,000 = 205,000; Third year: 110,000 + 115,000 = 225,000. Total = 615,000

Here's why. The 6 months hike of 5,000 is on the annual salary. So initially his base pay was 180K (90K for 6 months). After 6 months it becomes 185K (92.5K for the next 6 months). Every 6 months, his 6-monthly pay gets increased by 2,500. So here goes :- First year 90 + 92.5 = 182.5K Second year 95 + 97.5 = 192.5K Third Year 100 + 102.5 = 202.5K Total at the end of 3 years :- 575 K So I'd definitely go for Job # 1.

Regards, Nish

Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)

Nish Nishant

Quartz... wrote:

have posted the solution here[^] see for yourself

I've replied to your solution, which I believe is not right. To make your solution right, the original puzzle has to be reworded.

Regards, Nish

Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)

Raj Lal

Nishant Sivakumar wrote:

hike of 5,000 is on the annual salary

???? the question says with a guaranteed $5,000 raise every six months. why will it be on the annual salary ? as per your explaination , it needs to be $5,000 raise every 12 months, not 6 months then only you can count 2500 for 6 months -- modified at 19:52 Tuesday 16th January, 2007 -- modified at 19:53 Tuesday 16th January, 2007

Omit Needless Words - Strunk, William, Jr.

Wags

Hmmm... Many people would have read it as (for the second job), that the $5000 increments were in terms of yearly salary. Therefore the calculations for each year would be: First year: It would pay 180,000 * 0.5 + 185,000 * 0.5 = 182,500; Second year: 190,000 * 0.5 + 195,000 * 0.5 = 192,500; Third year: 200,000 * 0.5 + 205,000 * 0.5 = 202,500. Total = 577,500 Just because job 2 gives a raise (assumed to be an annual salary raise) doesn't mean you get that entire $5,000 in the remaining 6 months of the year: you would only get 6 months pro rata. (I know this is how it works with my pay. I wish it was calculated your way.) :)

Raj Lal

The question clearly states that $5000 increment every 6 months , how can you assume its not 5000, but 2500 for 6 months This is not at all a puzzle of "trick of words in the question"

Omit Needless Words - Strunk, William, Jr.

Wags

Nish beat me to it. I guess the puzzle was ambiguous: I've never heard of a raise working like that. (What's it a raise on if not the annual salary?!) No matter. Kept us (semi-)entertained for a bit. Thanks Quartz. (:beer: and then bed I think.)

Raj Lal

Nishant Sivakumar wrote:

the original puzzle has to be reworded

This is definetly not a "trick of words" puzzle, the question clearly stated that the increment is 5000, every 6 months

Omit Needless Words - Strunk, William, Jr.

Nish Nishant

Quartz... wrote:

the question says with a guaranteed $5,000 raise every six months. why will it be on the annual salary ?

All figures are mentioned in annual wage terms. The 180K is the annual salary. So a 5K hike means, it's a hike on the annual salary.

Quartz... wrote:

as per your explaination , it needs to be $5,000 raise every 12 months, not 6 months then only you can count 2500 for 6 months

No. The hike is given every 6 months, but the hike is applied on the annual salary. For example if my salary is 24K annually, I get 2K per month. Say at the end of the 3rd month my pay is revised to 30K annually. That's a hike of 6K. Now my monthly pay becomes 2.5K. That's how salaries are defined. So as I said, your solution is not right - and to make it right, you'd have to change your original question.

Regards, Nish

Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)

Nish Nishant

Wags wrote:

Nish beat me to it. I guess the puzzle was ambiguous: I've never heard of a raise working like that. (What's it a raise on if not the annual salary?!) No matter. Kept us (semi-)entertained for a bit. Thanks Quartz.

I think he worded the question wrong.

Regards, Nish

Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)

Nish Nishant

Quartz... wrote:

The question clearly states that $5000 increment every 6 months , how can you assume its not 5000, but 2500 for 6 months

$5000 increment every six months means that his annual salary is incremented by $5000. It does not mean his 6-monthly salary is incremented by $5000. The default salary is annual. So all salary hikes are also annual :-)

Regards, Nish

Nish’s thoughts on MFC, C++/CLI and .NET (my blog)
Currently working on C++/CLI in Action for Manning Publications. (*Sample chapter available online*)