Options
- A
₹2,000
-
₹5,500
Correct answer
- C
₹3,000
- D
₹4,500
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NSM General NISM
Medium
#NISM Series VA
A trader buys April USDINR futures in parts: Day 1: 5 lots @ ₹54.50 and 10 lots @ ₹54.20, Day 2: 10 lots @ ₹54.00 and 10 lots @ ₹54.10, On Day 3, he sells 20 lots @ ₹54.50. Using FIFO, calculate his profit.
Practice question from NISM Series I - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.