Question
At the end of year 1998, Ramesh bought 108 shares. Henceforth, every year he added p% of the shares at the beginning of the year and sold q% of the shares at the end of the year where p > 0 and q > 0. If Ramesh had 108 shares at the end of year 2002, after making the sales for that year, which of the following is true?
Answer: Option C
:
C
If the numbers of shares remain constant, then p has to be greater than q. Because, we are taking p% on base price after getting increased we take q% of that, which is greater than the base price. Answer is option (c).
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:
C
If the numbers of shares remain constant, then p has to be greater than q. Because, we are taking p% on base price after getting increased we take q% of that, which is greater than the base price. Answer is option (c).
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