Comprehension
One day, two other traders, Dane and Emily, joined Abdul, Bikram, and Chetan for trading in the shares of XYZ Ltd.
Dane’s strategy: Buy equal numbers of shares at 10 am, 11 am, and 12 noon, and sell the same numbers at 1 pm, 2 pm, and 3 pm.
Emily’s strategy: Buy shares using all her money at 10 am and sell all of them at 12 noon; then buy shares again using all her money at 1 pm and sell all of them at the close of the day at 3 pm.
At the close of the day, the following was observed:
- Abdul lost money in the transactions.
- Both Dane and Emily made profits.
- There was an increase in share price during the closing hour compared to the price at 2 pm.
- Share price at 12 noon was lower than the opening price.
Question: 1
Share price was at its highest at:
Share price was at its highest at:
Show Hint
When both traders profit at same sell point, that price is likely peak relative to their buy points.
Updated On: Aug 11, 2025
- 10 am
- 11 am
- 12 noon
- 1 pm
- cannot be determined
Hide Solution
Verified By Collegedunia
The Correct Option is D
Solution and Explanation
From given facts: Emily sells at 1 pm and again at 3 pm, making a profit, meaning 1 pm price was higher than her buy prices at 10 am and 12 noon. Dane sells at 1 pm, 2 pm, 3 pm and makes profit overall, indicating 1 pm is likely the highest point to ensure both make gains in first sale.
Was this answer helpful?
0
0
Question: 2
Which of the following is necessarily false?
Which of the following is necessarily false?
Show Hint
Check buying/selling times against profit/loss conditions to eliminate impossible low/high price timings.
Updated On: Aug 11, 2025
- Share price was at its lowest at 2 pm
- Share price was at its lowest at 11 am
- Share price at 1 pm was higher than the share price at 2 pm
- Share price at 1 pm was higher than the share price at 12 noon
- none of the above
Hide Solution
Verified By Collegedunia
The Correct Option is B
Solution and Explanation
Dane buys at 10 am, 11 am, 12 noon and sells later at profit. If 11 am were lowest, it would benefit Dane’s profit, but given Abdul loses money (bought at 10 am, sold at 3 pm), the price must have dropped after 10 am before partial recovery. Data implies 2 pm is more likely the lowest, making option (2) inconsistent with all conditions — hence necessarily false.
Was this answer helpful?
0
0
Top Questions on Logical Reasoning
- Isometric view of a solid copper object is shown below. If a constant heat source of \(100^\circ\)C is applied at the point \(P\) continuously, which point on the solid will reach the temperature of the heat source the earliest? Neglect heat losses and assume point \(P\) lies on an equilateral triangle.
- CEED - 2026
- General Aptitude
- Logical Reasoning
- Perspective view of two identical hollow cylinders is shown below. Assume the outer diameter and length of each cylinder are equal. The two cylinders intersect each other at \(90^\circ\) to form a union, such that their centroids (centre of axis) coincide. How many visible surfaces will the resultant union have?
- CEED - 2026
- General Aptitude
- Logical Reasoning
- Select the correct order of the monuments in India from \textbf{North to South, as shown below.}
- CEED - 2026
- General Aptitude
- Logical Reasoning
- A plant pruner (cutter) with two studs P and Q are shown on the left in open and closed positions. Which option(s) will allow the pruner to return to its open position?
- CEED - 2026
- General Aptitude
- Logical Reasoning
- A board game and two views of a unique dice are shown below. This unique dice has only three faces with numbers one, two, and three. Consider all the ladders as advantages that allow the player to jump from initial to final point. What is the minimum number of dice throws that is required to move from Point A to Point B using all given advantages on the board?
- CEED - 2026
- General Aptitude
- Logical Reasoning
View More Questions
Questions Asked in CAT exam
- The passage given below is followed by four summaries. Choose the option that best captures the essence of the passage.
In the dynamic realm of creativity, artists often find themselves at the crossroads between drawing inspiration from diverse cultures and inadvertently crossing into the territory of cultural appropriation. Inspiration is the lifeblood of creativity, driving artists to create works that resonate across borders. In a globalized era of the modern world, artists draw from a vast array of cultural influences. When approached respectfully, inspiration becomes a bridge, fostering understanding and appreciation of cultural diversity. However, the line between inspiration and cultural appropriation can be thin and easily blurred.
Cultural appropriation occurs when elements from a particular culture are borrowed without proper understanding, respect, or acknowledgment. This leads to the commodification of sacred symbols, the reinforcement of stereotypes, and the erasure of the cultural context from which these elements originated. It is essential to recognize that the impact of cultural appropriation extends beyond the realm of artistic expression, influencing societal perceptions and perpetuating power imbalances.- CAT - 2025
- Para Summary
- The number of distinct integers $n$ for which $\log_{\left(\frac14\right)}(n^2 - 7n + 11)>0$ is:
- CAT - 2025
- Linear Inequalities
- In the set of consecutive odd numbers $\{1, 3, 5, \ldots, 57\}$, there is a number $k$ such that the sum of all the elements less than $k$ is equal to the sum of all the elements greater than $k$. Then, $k$ equals?
- CAT - 2025
- Number Systems
- The number of distinct pairs of integers $(x, y)$ satisfying the inequalities $x>y \ge 3$ and $x + y<14$ is:
- CAT - 2025
- Number Systems
For any natural number $k$, let $a_k = 3^k$. The smallest natural number $m$ for which \[ (a_1)^1 \times (a_2)^2 \times \dots \times (a_{20})^{20} \;<\; a_{21} \times a_{22} \times \dots \times a_{20+m} \] is:
- CAT - 2025
- Linear Inequalities
View More Questions