CAT 2024 Question Paper | DILR Slot 1

CAT Questions

CAT 2024 DILR did not have a change in pattern. Atleast two sets were doable in each slot and one of the four sets was extremely tough. Choice of Sets became a crucial factor. Overall this section was at a medium to high level of difficulty.

The chart below shows the price data for seven shares – A, B, C, D, E, F, and G as a candlestick plot for a particular day. The vertical axis shows the price of the share in rupees. A share whose closing price (price at the end of the day) is more than its opening price (price at the start of the day) is called a bullish share; otherwise, it is called a bearish share. All bullish and bearish shares are shown in green and red colour respectively.

Question 17 :What would have been the percentage wealth gain for a trader, who bought equal numbers of all bullish shares at opening price and sold them at their day's high?

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Video Explanation

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Explanatory Answer

	DAY HIGH	DAY LOW	OPENING	CLOSING
A	2400	1200	2200	1800
B	2000	1400	2000	1700
C	1400	800	800	1200
D	1200	300	500	1000
E	1400	1100	1300	1100
F	2000	1200	1800	1600
G	1900	1000	1200	1700

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The question is "What would have been the percentage wealth gain for a trader, who bought equal numbers of all bullish shares at opening price and sold them at their day's high?"

Solution:

A share whose closing price (price at the end of the day) is more than its opening price (price at the start of the day) is called a bullish share. Bullish shares on that day are C, D, and G.

Opening price of bullish shares (C, D, and G) together = 800 + 500 + 1200 = 2500.

Day’s high price of bullish shares (C, D, and G) together = 1400 + 1200 + 1900 = 4500.

Percentage wealth gain = ((4500 - 2500) / 2500) * 100 = (2000 / 2500) * 100 = 80%.

Hence, the answer is '80%'

Choice B is the correct answer.

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