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Question 30 : If you had decided to invest Rs.36,00,000 worth of ITC stocks on Monday, then the day of the week you should choose to sell the stocks to earn the maximum possible profit would be

1. Tuesday
2. Wednesday
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

The cost of an ITC stock on Monday is Rs. 238. From the table, we can see that the selling price of the stock is highest on Friday(Rs. 253). Hence, if we sell the stocks on Friday, we will get the maximum possible profit.

The question is " If you had decided to invest Rs.36,00,000 worth of ITC stocks on Monday, then the day of the week you should choose to sell the stocks to earn the maximum possible profit would be "

Hence, the answer is Friday

Choice D is the correct answer.

 

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