What would have been the percentage wealth gain for a trader, who bought equal numbers of all bullishshares at opening price and sold them at their day&rsquo;s high?

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Question :

What would have been the percentage wealth gain for a trader, who bought equal numbers of all bullish
shares at opening price and sold them at their day’s high?

Started 3 hours ago by Admin in

0 1

A.
80%
B.
50%
C.
72%
D.
100%

Option A is the correct answer.

Explanatory Answer

There are three bullish shares, C D and G
Lets say a trader buys one share of each of these stocks, and sells them at their day's high
One share of C at opening is 800, sells at 1400
One share of D at opening is 500, 1200
One share of G at opening is 1200, 1900
Total Investment is 2500, and total money after selling is 4500
That is an 80%.