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
Correct answer: Sugar
- 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.
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