I had a doubt regarding the given solution for the 9th question from Mini Exam #18.
My answer was 101 - which is lower than the given answer (201).
I followed the logic below:
Total number of people = Bob + 9 = 10
Amount to be distributed = $1000
When equally distributing, each person would get $100 which is above the $75 threshold mentioned.
Since we are looking at the minimum amount that Bob can receive (in whole dollars) to ensure he receives more than any other employee; we can add 1 dollar to his amount making it $101.
Then,
Bob’s amount = $101
8 other employee’s amounts = $100
Last employee’s amount = $99
Would love to know if I misunderstood the question or if my logic is broken in any way.