If Ghosh Babu stopped playing the game when his gain would be maximised, the net gain in rupees would have been;
4
The following matrix will help you solve the problem.
GameStarting Money withGhosh GivesGetsDealer GetsGivesEnd with Ghosh Babu I008160−8II−801001012III12066012IV12081604
Since he made a net gain of 4 at the end of the game, he must have started of with 100 – 4 = 96.
Hence (d)