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XAT 2022 — QA & DI Question 21

Bar GraphsEasy
Passage / Data

Read the following scenario and answer the THREE questions that follow.

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The given candlestick chart depicts the prices of a particular stock over 10 consecutive days. A candlestick comprises of a rectangular box pieced by a line. The top and bottom ends of the line respectively indicate the maximum and minimum prices of the stock on that day, while the horizontal edges of the rectangle correspond to the stock's opening and closing prices. If the rectangle is white, the opening price is lower than the closing price, but if the rectangle is black, then it is the other way around.

Using the above information, answer the questions that follow:

On which day is the ratio of the maximum price to the opening price, the highest across the ten days?

Answer & solution

Correct answer: Day 10

  • A

    Day 3

  • B

    Day 4

  • Day 10

  • D

    Day 1

  • E

    Day 9

Solution

Going by considering the given options :

The ratio is given by:

(Maximum price)Opening price

Day 3 : (Maximum price, Opening price) : (2440, 2405)  = the ratio = 1.014

Day 4 : (Maximum price, Opening price) : (2455, 2432.5) = ratio =  1.009

Day 10 : (Maximum price, Opening price) : (2330, 2292.5) = 1.016

Day 1 : (Maximum price, Opening price) : (2415, 2395) = 1.008

Day 9 : (Maximum price, Opening price) : (2330, 2297.5) =  1.014

Day 10 has the maximum ratio.

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XAT 2022 QA & DI Q21: On which day is the ratio of the maximum price to the opening price, the highest across the ten days? — Solution | TheCATExam