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Finding the light bag of coins in one weighing

Question

Ten bags each contain 1,0001{,}000 coins. In nine bags every coin weighs one ounce; in the remaining bag every coin weighs 10%10\% less. Using a scale that shows exact weight, how can one weighing reveal the light bag?

Short answer

Take kk coins from bag kk and weigh them together. That is 5555 coins, which would weigh 5555 ounces if all were genuine. If the light bag is bag kk, the total falls short by 0.1k0.1k ounces, so the shortfall times ten names the bag.

Adapted from Crack, Heard on the Street, Q1.55, p.19; question and answer rewritten by SelfMadeQuant.com.

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