A Compensatory Harmonica

Image: Flickr

A problem from the American Mathematical Monthly, March 1930:

Two men jointly own x cows. They sell these for x dollars per head and use the proceeds to buy some sheep at $12 per head. Their income from the cows isn’t divisible by 12, so they buy a lamb with the remainder. Later they divide the flock so that each man has the same number of animals. This leaves the man with the lamb somewhat short-changed, so the other man gives him a harmonica. What’s the harmonica worth?

Click for Answer