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bhargava chinna

· started a discussion

· 1 Months ago

73rd question (Question:220794.2)

can u please explian in detail

Question:

DIRECTIONS: Study the following information carefully and answer the following questions by selecting the correct option.


An investor initially invests a sum of money in some securities at the start of quarter 1 of the year 1999. At the end of the quarter, the investor realises a profit of 30%. At the beginning of quarter 2, he reinvests the amount in some speculative securities and as a result has to bear a loss of 40% at the end of that quarter. Again at the beginning of quarter 3, the investor invests his entire amount into property market and realises a profit of 20%. He again invests the entire amount and gains 10% at the end of quarter 4 of 1999. In the first quarter of year 2000, he again invests the entire amount and gains 25%. Finally, he invests the amount in stock market and due to bad investment choices, has to bear loss of 30%. At the end of quarter 2 of 2000, the investor is left with Rs.2,70,270.

What is the total amount of loss that the Investor had to bear at the end of quarter 2 of 2000?

Options:
A)

Rs.27,930

B)

Rs.29,730

C)

Rs.23,930

D)

Rs.39,230

E)

None of these

Solution:

Ans: (b) The amount of loss that had to be borne by the investor at the end of quarter 2 of 2000 is 100% of x - 90.09% of x = 9.91% of x = Rs.29,730.

Knowledge Expert

· commented

· 1 Months ago

Ans: (b) The amount of loss that had to be borne by the investor at the end of quarter 2 of 2000 is 100% of x - 90.09% of x = 9.91% of x = Rs.29,730.
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