The following table presents the quoted buy and sell prices of five stocks during the five trading days of a given week. The quoted sell price is the price at which an investor can sell a stock in…
Question and options
The following table presents the quoted buy and sell prices of five stocks during the five trading days of a given week. The quoted sell price is the price at which an investor can sell a stock in the market. The quoted buy price is the price at which an investor can buy a stock from the market. All the quoted numbers are in Indian Rupees.
The difference between the quoted buy and sell price of a stock is referred to as the spread of the stock. The average spread of the stocks is lowest on
| Day | Monday | Tuesday | Wednesday | Thursday | Friday | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Quote | Sell | Buy | Sell | Buy | Sell | Buy | Sell | Buy | Sell | Buy |
| Dabur | 460 | 462 | 455 | 458 | 432 | 433 | 444 | 447 | 461 | 462 |
| Marico | 345 | 346 | 335 | 336 | 365 | 368 | 372 | 375 | 372 | 374 |
| HUL | 1931 | 1933 | 1952 | 1955 | 1979 | 1981 | 2044 | 2048 | 1966 | 1969 |
| ITC | 237 | 238 | 238 | 239 | 246 | 251 | 221 | 225 | 253 | 256 |
| Britannia | 3044 | 3046 | 3100 | 3101 | 3110 | 3115 | 3025 | 3027 | 3140 | 3144 |
The difference between the quoted buy and sell price of a stock is referred to as the spread of the stock. The average spread of the stocks is lowest on
- Monday
- Tuesday
- Thursday
- Friday
Answer and explanation
Correct answer: A - Monday
Spreads (buy - sell) summed over the five stocks: Mon 2+1+2+1+2 = 8, Tue 3+1+3+1+1 = 9, Wed 1+3+2+5+5 = 16, Thu 3+3+4+4+2 = 16, Fri 1+2+3+3+4 = 13. The average is lowest on Monday.
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IPMAT Indore
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