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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 investment gave him the least profit?
- a)Third highest
- b)Second highest
- c)Highest
- d)Fourth highest
Correct answer is option 'A'. 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 least profit is earned on the third highest investment.Hence, option 1.
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A wealthy investor who wants to invest his money is approached by five...
Understanding the Investments and Profits
To determine which investment yielded the least profit, we need to analyze the given conditions systematically.
Investment Breakdown
- Total investment: 100,000
- Total profit: 22,950
Each investment has specific characteristics based on the clues:
Key Clues from the Problem
- **Highest Investment**:
- Provides the third lowest profit percentage.
- Profit is 1/5 of the investment.
- **Least Investment**:
- Is 2,000 less than half of the highest investment.
- Profit is 50% of the investment.
- **Second Highest Investment**:
- Has a profit percentage of 30%.
- **Second Lowest Investment**:
- Profit percentage equals the percentage share of the highest investment in total investment.
- **Profit Percentages**:
- Least profit percent is 9%.
- The second lowest profit percentage is 6.5% (2.5% less than the third lowest).
Calculating the Profits
1. Let’s denote the investments as A (highest), B (second highest), C (third highest), D (fourth highest), and E (least).
2. From the conditions:
- A = 5 * profit on A
- E = (Highest Investment / 2) - 2000, with profit = 50% of E.
3. The arithmetic progression condition helps establish relationships among the investments.
After analyzing the profit percentages:
- The highest investment yields 20% profit, second highest 30%, and the least investment yields 50%.
- The third highest (C) has a lower percentage than A and B, leading to it being the lowest profit.
Conclusion
Therefore, the investment that gave the least profit is the **third highest investment**, confirming the correct answer is **option A**.
To determine which investment yielded the least profit, we need to analyze the given conditions systematically.
Investment Breakdown
- Total investment: 100,000
- Total profit: 22,950
Each investment has specific characteristics based on the clues:
Key Clues from the Problem
- **Highest Investment**:
- Provides the third lowest profit percentage.
- Profit is 1/5 of the investment.
- **Least Investment**:
- Is 2,000 less than half of the highest investment.
- Profit is 50% of the investment.
- **Second Highest Investment**:
- Has a profit percentage of 30%.
- **Second Lowest Investment**:
- Profit percentage equals the percentage share of the highest investment in total investment.
- **Profit Percentages**:
- Least profit percent is 9%.
- The second lowest profit percentage is 6.5% (2.5% less than the third lowest).
Calculating the Profits
1. Let’s denote the investments as A (highest), B (second highest), C (third highest), D (fourth highest), and E (least).
2. From the conditions:
- A = 5 * profit on A
- E = (Highest Investment / 2) - 2000, with profit = 50% of E.
3. The arithmetic progression condition helps establish relationships among the investments.
After analyzing the profit percentages:
- The highest investment yields 20% profit, second highest 30%, and the least investment yields 50%.
- The third highest (C) has a lower percentage than A and B, leading to it being the lowest profit.
Conclusion
Therefore, the investment that gave the least profit is the **third highest investment**, confirming the correct answer is **option A**.
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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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT.
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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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. 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 investment gave him the least profit?a)Third highestb)Second highestc)Highestd)Fourth highestCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice CAT tests.
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