IPMAT Indore 2020 (MCQ) - If an investor planned to invest Rs 36,00,000 in purchasing the stocks of HUL on Monday, sell them off on Wednesday and use the entire proceeds to purchase the stocks of Britannia on the same day and sell them off again on Friday, then the total investment return during the week would be | PYQs + Solutions | AfterBoards
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Medium

The table below 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.
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

If an investor planned to invest Rs 36,00,000 in purchasing the stocks of HUL on Monday, sell them off on Wednesday and use the entire proceeds to purchase the stocks of Britannia on the same day and sell them off again on Friday, then the total investment return during the week would be

Correct Option: 3
For first investment in HUL: \newline Initial amount = 36000003600000 \newline Buy price Monday = 19331933
Number of shares = ⌊36000001933⌋=1862\lfloor\frac{3600000}{1933}\rfloor = 1862 shares
Sell price Wednesday = 19791979 \newline Proceeds = 1862×1979=36848981862 \times 1979 = 3684898
For second investment in Britannia: \newline Amount available = 36848983684898 \newline Buy price Wednesday = 31153115
Number of shares = ⌊36848983115⌋=1183\lfloor\frac{3684898}{3115}\rfloor = 1183 shares
Sell price Friday = 31403140 \newline Final value = 1183×3140=37146201183 \times 3140 = 3714620
For total return calculation: \newline Initial investment = 36000003600000 \newline Final value = 37146203714620
Return = 3714620−36000003600000×100\frac{3714620 - 3600000}{3600000} \times 100
=1146203600000×100= \frac{114620}{3600000} \times 100
=3.184%=approximately 3.2%= 3.184\%=\text{approximately }3.2\%

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