Question

Mr X, a fund manager with an investment company invested $25\%$ of his funds in each of the four commodities at the beginning of the period. He sold the commodities at the end of the period. His investments in the commodities resulted in

• A. $17\%$ profit
• B. $5.5\%$ loss
• C. No profit, no loss
• D. $5.4\%$ profit
• E. None of these

Answer 1

The correct option is D $5.4\%$ profit

Price charge which we have calculated previously is nothing but profit percent or loss percent depending upon the sign. In the first two we have profit percentage which is $26.5+5\%=29.5\%$ and the loss percentage is $0.3+9.4=9.7\%$ then net profit $\%$ comes out to be $20.8\%$ and then the average of which gives i.e. $\frac{20.8}{4}=5.2\%$ so the closest answer is (d)