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Read the following scenario and answer the THREE questions that follow.
The given candlestick chart depicts the prices of a particular stock over 10 consecutive days. A candlestick comprises of a rectangular box pieced by a line. The top and bottom ends of the line respectively indicate the maximum and minimum prices of the stock on that day, while the horizontal edges of the rectangle correspond to the stock's opening and closing prices. If the rectangle is white, the opening price is lower than the closing price, but if the rectangle is black, then it is the other way around.
Using the above information, answer the questions that follow:
Which day saw the maximum percentage increase in the stock price at closing from the opening?
Going by the cases in the option for the five days :
Day 1 : (Opening price, Closing Price ) : (2365, 2395)
Day 2 : (Opening price, Closing Price ) : ( 2395, 2425 )
Day 6 : (Opening price, Closing Price ) : ( Closing price is lower than the opening price )
Day 7 : (Opening price, Closing Price ) : ( Closing price is lower than the opening price )
Day 10 : (Opening price, Closing Price ) : (2277.5, 2292.5)
The percentage increase for day 1 : $$\frac{\left(2395-2365\right)}{\left(2365\right)}\cdot100\ =\ 1.26\ \%$$
The percentage increase for day 2 : $$\frac{\left(2425-2395\right)}{\left(2395\right)}\cdot100\ =\ 1.252\ \%$$
The percentage increase for day 10 : $$\frac{\left(2492.5-2377.5\right)}{\left(2377.5\right)}\cdot100\ =\ 0.65\%$$
Hence Day 1 is the highest
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