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Total number of residents is 10+20+30+20 = 80.
Half the number of residents is 1/2 * 80 = 40.
Take I first.
$33 can be paid by residents for whom upper limit is either 50, 100 or 300 which makes the total number as 30+20+10 = 60.
Since 60 > 40, I is one of the correct options.
Next consider II.
$48 can be paid by residents for whom upper limit is either 50, 100 or 300 and the total number is again 60.
Since 60 > 40, II is one of the right options.
Take III now.
$55 can be paid by those for whom upper limit is 100 or 300 and the total number is 20 + 10 = 30.
Since 30 < 40, III is ruled out.
The correct answer is hence I and II only.
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Quant Expert
Gurome, Inc.
https://www.GuroMe.com
On MBA sabbatical (at ISB) for 2011-12 - will stay active as time permits
1-800-566-4043 (USA)
+91-99201 32411 (India)
