THE CHRISTMAS-BOXES.—solution

The distribution took place "some years ago," when the fourpenny-piece was in circulation. Nineteen persons must each have received nineteen pence. There are five different ways in which this sum may have been paid in silver coins. We need only use two of these ways. Thus if fourteen men each received four four-penny-pieces and one threepenny-piece, and five men each received five threepenny-pieces and one fourpenny-piece, each man would receive nineteen pence, and there would be exactly one hundred coins of a total value of £1, 10s. 1d.

 

click here to go to my blog.

See more interesting puzzles at http://puzzles.50webs.org