If it is, then, for proceeds you only took 85,669 (idk why you did that). You have to take the entire amount including profits, which is 38,56,669. Use that amount to buy britania on Wednesday and sell them on Friday again. You'd find the total profit is 115,249.
Yes the answer is 3.2%. I guess I didn't read the question properly and assumed that he used the profit earned on selling HUL to buy Britannia stocks. Thankyou!
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IPMAT/Dilr
Academic discussion and doubt solving for: Tournaments, Arrangements, Puzzles, Bar Graphs, Tabular Data
how to solve this question ?? what am i doing wrong??
Is the answer 3.2%?
If it is, then, for proceeds you only took 85,669 (idk why you did that). You have to take the entire amount including profits, which is 38,56,669. Use that amount to buy britania on Wednesday and sell them on Friday again. You'd find the total profit is 115,249.
(115,249 /36,60,000)*100= 3.20%
Hope this helps
Yes the answer is 3.2%. I guess I didn't read the question properly and assumed that he used the profit earned on selling HUL to buy Britannia stocks. Thankyou!