An investor, invested ₹2,00,000 in shares. The shares rose by 18% on the first day, fell by 15% on the second day, and then fell by 3% on the third day. What is the net percentage increase or decrease in the value of the investor's shares?(Rounded up to one decimal place)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e decrease by 2.7%.
Price of shares after third day = 200000 × (118/100) × (85/100) × (97/100) = ₹1,94,582
Net decrease in the value of share = 200000 - 194582 = ₹5,418
Required percentage = (5418/200000) × 100 = 2.709% = decrease by 2.7% (approx)