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CAT 1999 — DILR Question 36

Bar GraphsEasy
Passage / Data

Directions: Answer the questions 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?

Answer & solution

  • A

    Arhar

  • B

    Pepper

  • Sugar

  • D

    Gold

Solution

The price volatility for each individual.

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The price volatility for sugar is least, hence answer choice is (c).
Note: Average price can be calculated by highest price, lowest price, ending and beginning price.

CAT 1999 DILR Q36: Price volatility (PV) of a commodity is defined as follows: PV = (Highest price during the period – Lowe — Solution | TheCATExam