Two stock traders – Hasan and Sajid – trade in the shares of Pineapple Group only. Each of them follows
a different strategy for selling and buying the stocks. Sajid sells an equal number of shares at 9 a.m. and
10 a.m. and buys them back in equal numbers at 1 p.m. and 2 p.m. Hasan sells some shares at 11 a.m.
and the rest at 12 noon such that the amount he gets on the two occasions is the same. He buys back the
whole lot at 3 p.m. The chart given below displays the performance of Pineapple Group stock on two
particular days – Day 1 and Day 2.
The profit/loss made by a trader on a particular day is the difference between the amount that he obtains by
selling the shares and the amount that he spends in buying the shares. "Margin" for a day is the profit/loss
expressed as a percentage of the total amount obtained by selling the shares on that day.
11. If Sajid and Hasan sold an equal number of shares on Day 1, then which of the following statements
would definitely be true?
I. Hasan made more profit than Sajid on Day 1.
II. Hasan made less profit than Sajid on Day 1.
III. Hasan's Margin was more than Sajid's Margin on Day 1.
IV. Hasan's Margin was less than Sajid's Margin on Day 1.
(a) I only (b) I and IV (c) II and IV (d) I and III
12. What was the ratio of Hasan's Margin to Sajid's Margin on Day 2?
(a) 13 : 20 (b) 11 : 20 (c) 20 : 13 (d) Cannot be determined
No comments:
Post a Comment