Here is this week’s Challenge Problem, brought to us by our friends at Manhattan GMAT. This is the caliber of problem one would see on the exam if scoring in the 700 range or higher. Take a shot at this one and check back tomorrow for an in depth look at the answer!
Question
A gambler began playing blackjack with $110 in chips. After exactly 12 hands, he left the table with $320 in chips, having won some hands and lost others. Each win earned $100 and each loss cost $10. How many possible outcomes were there for the first 5 hands he played? (For example, won the first hand, lost the second, etc.)
(A) 10
(B) 18
(C) 26
(D) 32
(E) 64
# posted by Clear Admit @ 3:16 am in GMAT Tips, Workbook Wednesdays