Comprehension Passage
Direction: Read the following passage and answer the questions that follow:
Mr. X buys invests an amount in stocks. The price of the stocks increases by 4% in the first week. At the end of second week, the stock price fell by 10%. In the third week, the market again rises and the price increases by 5%. In the last week of the month, the price rises by 8%. If at the end of the month, he sells all his shares at Rs. 15,920.
Answer the questions that follow:
What is the overall percentage profit/loss Mr. X experienced?
1
5%
2
6%
3
7%
4
8%