The following table gives cost data of select stock prices on 3rd Dec 2003 in two markets, BSE of India and NQE of Kya Kya island. Closing stock refers to the price at the close of trading hours and opening stock to the price at the beginning of the day. The currency of Kya Kya is # and the exchange rate is # = Rs 11.
Which share and which market showed the highest % increase on 3rd Dec 2003?
We will go by the options to check each one of them
Option A says SIFY on BSE.
% increase= $$\ \frac{\text{ Closing Price-Opening Price}}{\text{Opening Price}}\cdot100\%=\ \frac{\ 247-232}{232}\cdot100\%=\ \ \frac{\ 15}{232}\cdot100\%=6.465\%$$
Option B says INFY on NQE.
% increase= $$\ \frac{\text{ Closing Price-Opening Price}}{\text{Opening Price}}\cdot100\%=\ \frac{\ 10.5-9.5}{9.5}\cdot100\%=\ \ \frac{\ 1}{9.5}\cdot100\%=10.52\%$$
Option C says Wipro on NQE.
% increase= $$\ \frac{\text{ Closing Price-Opening Price}}{\text{Opening Price}}\cdot100\%=\ \frac{\ 6.5-5.5}{5.5}\cdot100\%=\ \ \frac{\ 1}{5.5}\cdot100\%=18.18\%$$
Option D says TCS on NQE
% increase= $$\ \frac{\text{ Closing Price-Opening Price}}{\text{Opening Price}}\cdot100\%=\ \frac{\ 40-40.5}{40.5}\cdot100\%=\ \ \frac{\ -0.5}{40.5}\cdot100\%=-1.23\%$$
So, Option C shows the highest increase.
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