The below table gives shares traded on Hyderabad, Mumbai, and Bengaluru stock exchanges (in ₹). Study the table and answer the question that follows.
| Hyderabad | Mumbai | Bengaluru | ||||
| Name of company | High | Low | High | Low | High | Low |
| A | 150 | 140 | 180 | 165 | 160 | 155 |
| B | 250 | 225 | 325 | 315 | 300 | 290 |
| C | 180 | 175 | 195 | 180 | 190 | 185 |
| D | 350 | 325 | 410 | 395 | 390 | 375 |
For C, the low rates of shares are less than the average of the low rates of shares of the same company in the stock exchange (s) at ___________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Hyderabad.
Average of low rates of shares for Company C = (175 + 180 + 185)/3 = 540/3 = 180
Hyderabad: 175 (less than 180)
Mumbai: 180 (equal to 180)
Bengaluru: 185 (greater than 180)
Hence, the low rate for Company C is less than the average only in Hyderabad.