in Logical Reasoning edited by
558 views
2 votes
2 votes

Answer the question based on the following information.

These questions are based on the price fluctuations of four commodities — arhar, pepper, sugar and gold during February-July $1999$ as described in the figures below.

Price volatility (PV) of a commodity is defined as follows:

PV = (Highest price during the period – Lowest price during the period)/Average price during the period. What is the commodity with the lowest price volatility?

  1. Arhar
  2. Pepper
  3. Sugar
  4. Gold
in Logical Reasoning edited by
13.4k points
558 views

1 Answer

0 votes
0 votes

In this question no need to do any computation if and only if we carefully observe the prices of the 4 commodities.

Process of elimination :P

Arhar- The lowest pice of Arhar is greater than or Equal to that of Sugar.

Pepper- The lowest price of Pepper is much much greater than Arhar.

Gold(obviously costly :P )- The lowest price of Gold is Greater than that of Arhar.

Sugar- The highest Price of Sugar is less equal to the lowest price of Arhar.

But, on an Average the Sugar price is seemingly less than that of Arhar.

Hence, (C.) Sugar is the answer.

 

by
28 points

1 comment

You are not using the given formula. Answer here is sugar but the order will be sugar < pepper < gold < arhar.
0
0

Related questions

Quick search syntax
tags tag:apple
author user:martin
title title:apple
content content:apple
exclude -tag:apple
force match +apple
views views:100
score score:10
answers answers:2
is accepted isaccepted:true
is closed isclosed:true