Michael cashed a check for $1,240 and received only $10 and $50 bills in return. During the course of a day, he used 15 bills and then lost the rest of the money. If the number of $10 bills used was either one more or one less than the number of $50 bills used, what is the minimum possible amount of money that was lost? Pick
A) $830	B) $800	C) $770	D) $730	E) $700
1. 15 bills spent   2. Number of $10 bills is one more or one less than number of $50 bills.   So, 2 choices   1. 7*10 + 8*50 = $470   2. 8*10 + 7*50 = $430   Least money lost implies most money spent. i.e $470   Therefore, lost money = 1240 - 470= 
<gadget id="calculator">1240 - 470</gadget>
<output>770</output>
770.   Answer $770
<result>C</result>
Michael cashed a check for $1,240 and received only $10 and $50 bills in return. During the course of a day, he used 15 bills and then lost the rest of the money. If the number of $10 bills used was either one more or one less than the number of $50 bills used, what is the minimum possible amount of money that was lost?