Exams › SSC CGL (Prelims) › General
An investor tracks 5 stocks. Four of them have an average return of 8%. If the overall average return is 9%, what was the return on the fifth stock?
- 14%
- 13%
- 12%
- 11%
Correct answer: 13%
Solution
The total return of 5 stocks is 5 × 9% = 45%. The first 4 stocks contribute 4 × 8% = 32%. So the fifth stock's return is 45% - 32% = 13%.
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