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Subj:.....The Necklace Puzzle (S603)
          From the book 
           "Mathematical Puzzles of Sam Loyd" 
            Edited by Martin Gardner 
            From: Dover Publications in 1959

How much should the lady pay to have her
necklace made?
 

I will take occasion to remark that because some of my
puzzles are well known does not imply that every one is
familiar with the answers to them.  The correct answers
to some of the most popular ones have never been published,
and, so far as I am aware, have never really been guessed.
I will illustrate this point by presenting the "Necklace
Puzzle," which I showed several years ago, and which every
one who sees it flatters himself that he solves it at once.
Yet I do not remember any one who really found the correct
answer.

It is based on an everyday business transaction, intended
to show how the average mortal goes the wrong way about
doing anything which calls for the slightest mathematical
knowledge or ability.  It is devoid of all semblance of
catch or subterfuge, and there is no "missing link" mystery
about it.  It was given to all of the leading jewelers and
chain makers of New York, who could not see through such a
simple transaction, yet not one of them gave the correct
answer.

A lady bought twelve pieces of chain, as shown in the
border of the picture, and wishes to have them made into
an endless necklace of 100 links.  The jeweler said it
would cost 15 cents each to cut and join a small link and
20 cents to cut and join a large link.  The question is
to tell how much the lady should pay to have the necklace
made.  That is all there is to it, and it is a pretty
problem for young folks.

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