The table below presents the quoted buy and sell prices of five stocks during the five trading days of a given week. The quoted sell price is the price at which an investor can sell a stock in the market. The quoted buy price is the price at which an investor can buy a stock from the market. All the quoted numbers are in Indian Rupees.
If you had decided to invest Rs. 36,00,000 worth of ITC stocks on Monday, then the day of the week you should choose to sell the stocks to earn the maximum possible profit would be
For this, we need to determine when the selling price of ITC stocks is at its highest.
On Tuesday, the selling price = Rs 238
On Wednesday, the selling price = Rs 246
On Thursday, the selling price = Rs 221
On Friday, the selling price = Rs 253
Thus, the profit will be maximum when the stocks are sold on Friday.
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