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IPMAT 2020 Question Paper IPM Indore Quantitative Ability. Solve questions from IPMAT 2020 Question Paper from IPM Indore and check the solutions to get adequate practice. The best way to ace IPMAT is by solving IPMAT Question Paper. To solve other IPMAT Sample papers, go here: IPM Sample Paper

Question 28 : 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

  1. Monday
  2. Tuesday
  3. Thursday
  4. Friday

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Explanatory Answer

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
Monday = \\frac{(462 - 460)+(346 - 345)+(1933 - 1931) + (238 - 237) + (3046 - 3044)}{5})
= \\frac{2 + 1+ 2 + 1 + 2}{5}) = \\frac{8}{5})

Tuesday = \\frac{(458 - 455)+(336 -335)+(1955 -1952) + (239 -238) + (3101 - 3100)}{5})
= \\frac{3 + 1 + 3 + 1 +1}{5}) = \\frac{9}{5})

Thursday = \\frac{(447 - 444)+(375 -372)+(2048 -2044) + (225 -221) + (3027 - 3025)}{5})
= \\frac{3 + 3 + 4 + 4 + 2}{5}) = \\frac{16}{5})

Friday = \\frac{(462 - 461) + (374 -372)+(1969 -1966) + (256 - 253) + (3144 - 3140)}{5})
= \\frac{1 + 2 + 3 + 3 + 4}{5}) = \\frac{13}{5})

We can clearly see that the average spread of the stocks were lowest on Monday.

The question is " 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 "

Hence, the answer is Monday

Choice A is the correct answer.

 

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