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A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:
1. The highest investment has given him the third lowest profit percentage.
2. The least investment is two thousand less than half the highest investment.
3. The second highest investment is twice the second lowest investment.
4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.
5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.
5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.
6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.
7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.
8. The second highest profit percent is 30%.
Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?
- a)Highest
- b)Second highest
- c)Lowest
- d)Third lowest
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
A wealthy investor who wants to invest his money is approached by five...
From the solution to the first question of the set, we can see that the highest difference is for the lowest investment.
Hence, option 3.
Hence, option 3.
Most Upvoted Answer
A wealthy investor who wants to invest his money is approached by five...
Understanding the Problem
To solve the problem, we need to analyze the constraints regarding the investments and profits. The total investment is 100,000, and the total profit is 22,950. Each investment has a unique profit percentage based on the conditions given.
Investment and Profit Relationships
- **Highest Investment (H)**:
- Profit = H/5
- Profit Percentage = (H/5) / H * 100 = 20%
- **Least Investment (L)**:
- L = H/2 - 2000
- Profit = 0.5L
- Profit Percentage = (0.5L) / L * 100 = 50%
- **Second Highest Investment (SH)**:
- Profit Percentage = 30%
- **Second Lowest Investment (SL)**:
- SL = 2 * Second Lowest Investment (SLO)
Profit Percentages
- **Profit Percentages**:
- Lowest = 9%
- Second Lowest = 6.5% (2.5% less than the third lowest)
- Third Lowest = 9% + 2.5% = 11.5%
Finding the Largest Difference
To find the largest percentage point difference:
- Investment Share for each:
- H contributes 20% to total investment.
- SL has a profit percentage of 6.5%.
- L has a profit percentage of 50%.
- **Calculating Differences**:
- For the Lowest Investment (L): 50% - (L/100,000)*100 = Maximum difference.
- Since L has the highest profit percentage compared to its investment share, it results in the largest percentage point difference.
Conclusion
Thus, the investment with the largest percentage point difference between the profit percentage and the investment share is the **Lowest investment (C)**.
To solve the problem, we need to analyze the constraints regarding the investments and profits. The total investment is 100,000, and the total profit is 22,950. Each investment has a unique profit percentage based on the conditions given.
Investment and Profit Relationships
- **Highest Investment (H)**:
- Profit = H/5
- Profit Percentage = (H/5) / H * 100 = 20%
- **Least Investment (L)**:
- L = H/2 - 2000
- Profit = 0.5L
- Profit Percentage = (0.5L) / L * 100 = 50%
- **Second Highest Investment (SH)**:
- Profit Percentage = 30%
- **Second Lowest Investment (SL)**:
- SL = 2 * Second Lowest Investment (SLO)
Profit Percentages
- **Profit Percentages**:
- Lowest = 9%
- Second Lowest = 6.5% (2.5% less than the third lowest)
- Third Lowest = 9% + 2.5% = 11.5%
Finding the Largest Difference
To find the largest percentage point difference:
- Investment Share for each:
- H contributes 20% to total investment.
- SL has a profit percentage of 6.5%.
- L has a profit percentage of 50%.
- **Calculating Differences**:
- For the Lowest Investment (L): 50% - (L/100,000)*100 = Maximum difference.
- Since L has the highest profit percentage compared to its investment share, it results in the largest percentage point difference.
Conclusion
Thus, the investment with the largest percentage point difference between the profit percentage and the investment share is the **Lowest investment (C)**.
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A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer?
Question Description
A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer?.
A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer?.
Solutions for A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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Here you can find the meaning of A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice A wealthy investor who wants to invest his money is approached by five counsellors who want to convince him to invest his money with their respective firms. Having very little knowledge of finance, the investor decides to just invest a certain sum of money with each one of them and judge for himself. He withdraws a total sum of 100000 from his bank account and gives different amounts of money to the five counsellors and gets a total profit of 22950 in return. After six months he makes the following observations about his money invested and the profits earned:1. The highest investment has given him the third lowest profit percentage.2. The least investment is two thousand less than half the highest investment.3. The second highest investment is twice the second lowest investment.4. The profit on the highest investment is 1/5 times the investment and the profit on the least investment is 50%.5. Three sums of his investments are in AP with 1000 as the common difference and all his investments are more than 10000.6. The profit percentage of the second lowest investment and the percentage share of the highest investment in total investment are the same.7. The least profit percent is 9% and the second lowest profit percentage is 2.5 percentage points less than the third lowest profit percentage.8. The second highest profit percent is 30%. Q. Which of the following investments has the largest percentage point difference between the profit percentage and the investment share?a)Highestb)Second highestc)Lowestd)Third lowestCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice CAT tests.
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