You want to boil a two-minute egg. If you only have a three-minute timer (hourglass), a four-minute timer and a five-minute timer, how can you boil the egg for only two minutes?
There are three boxes. One is labeled "APPLES" another is labeled "ORANGES". The last one is labeled "APPLES AND ORANGES". You know that each is labeled incorrectly. You may ask me to pick one fruit from one box which you choose.
A convention is held where all the big logicians are summoned. The master places a band on everyone's forehead. Now all of them can see others bands but can't see his own. Then they are told that there are different colours of bands. All the logicians sit in circle and they are further explained that a bell will ring at regular intervals. The moment when a logician knew the colour of band on his forehead, he will leave at the next bell. If anyone leaves at the wrong bell, he will be disqualified.
The master assures the logicians that the puzzle will not be impossible for anyone of them. How will the logicians manage ?
In 2007, a puzzle was released and $2 million prizes were offered for the first complete solution. The competition ended at noon on 31 December 2010, with no solution being found. Wiki