Question

If Chetan sold 10 shares of MCS on three consecutive days, while Michael sold 10 shares only once during the five days, what was the price of MCS at the end of day 3?

• A. Rs 90
• B. Rs 100
• C. Rs 110
• D. Rs 120
• E. Rs 130
• A. Rs 90
• B. Rs 100
• C. Rs 110
• D. Rs 120
• J. Not uniquely determinable
• A. Rs 90
• B. Rs 100
• C. Rs 110
• D. Rs 120
• O. Rs 130
• A. Michael had 10 less shares than Chetan.
• B. Michael had 10 more shares than Chetan.
• C. Chetan had 10 more shares than Michael.
• D. Chetan had 20 more shares than Michael.
• T. Both had the same number of shares.
• A. Rs 3700
• B. Rs 4000
• C. Rs 4700
• D. Rs 5000
• Y. Rs 6000

Answer 1

The Correct Option is D

Chetan sells only when the price increases from the previous day. If he sells on three consecutive days, it means the price increased for three straight days.
Starting at Rs 100 on Day 1:
Day 1 end: Rs 110, Day 2 end: Rs 120, Day 3 end: Rs 130.
Michael sells only when the price $>$ Rs 110, and he sells only once in the five days. To satisfy this condition, the only possible price for Day 3 is Rs 120. \[ \boxed{\text{Rs 120}} \]

Answer 2

The Rs 1300 cash difference could result from multiple valid trading sequences that meet all constraints. Different sequences can lead to different Day 4 prices. Hence, the answer cannot be determined uniquely. \[ \boxed{\text{Not uniquely determinable}} \]

Answer 3

Michael buys when the price $<$ Rs 90 and sells when the price $>$ Rs 110. Chetan’s trades occur in the opposite market moves. Ending up with 20 more shares means Michael accumulated more shares when prices were low. The only price pattern that matches this share difference gives Day 3 price = Rs 100. \[ \boxed{\text{Rs 100}} \]

Answer 4

A cash difference without a difference in share holdings means both ended with the same number of shares but different total cash. \[ \boxed{\text{Both had the same number of shares}} \]

Answer 5

Maximising cash means both traders sold at the highest possible prices and bought at the lowest possible prices within the constraints. The maximum difference achievable through optimal trades is Rs 5000. \[ \boxed{\text{Rs 5000}} \]