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WinLose share market probation

XAT 2026 · Quantitative Ability & Data Interpretation · Hard · Data Interpretation

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Passage / data set

Read the following scenario and answer the THREE questions that follow.

An investment company, WinLose, recruits employees to trade in the share market. For newcomers, they have a one-year probation period. During this period, the employees are given Rs. 1 lakh per month to invest the way they see fit. They are evaluated at the end of every month, using the following criteria:

  1. If the total loss in any span of three consecutive months exceeds Rs. 20,000, their services are terminated at the end of that 3-month period,
  2. If the total loss in any span of six consecutive months exceeds Rs. 10,000, their services are terminated at the end of that 6-month period. Further, at the end of the 12-month probation period, if there are losses on their overall investment, their services are terminated.

Ratan, Shri, Tamal and Upanshu started working for WinLose in January. Ratan was terminated after 4 months, Shri was terminated after 7 months, Tamal was terminated after 10 months, while Upanshu was not terminated even after 12 months. The table below lists their monthly profits (In Rs. '000) over the 12-month period, where x, y and z are masked information.

NameJanFebMarAprMayJunJulAugSepOctNovDec
Ratan-20-10x-25--------
Shrixy-25-20y/2-20-30-----
Tamal-10-10x/2yx-205510-z--
Upanshu2z2z0-8-100-xy-20-28z-15

Question 1 of 3

What BEST can be said about the value of x?

  1. A.

    x is a non-negative even number less than or equal to 10

  2. B.

    x is an even number between 10 and 14, both inclusive

  3. C.

    x is a positive even number

  4. D.

    x is a non-negative even number less than or equal to 14

  5. E.

    x = 10

Answer

E

Explanation

Ratan is terminated at end of April (month 4), meaning 3-month loss from Feb-Apr >20> 20 or 2-4 >20> 20. Analysis of constraints across all employees uniquely forces x=10x = 10.

Question 2 of 3

What BEST can be said about the value of y?

  1. A.

    y = 58

  2. B.

    y = 56 or 58

  3. C.

    y is an even number less than 60

  4. D.

    y = 56

  5. E.

    y is an even number greater than 50

Answer

A

Explanation

Evaluating Shri's termination after July (month 7) and y/2y/2 integer requirement forces y=58y = 58.

Question 3 of 3

What BEST can be said about the profit generated by Upanshu at the end of his probation period?

  1. A.

    At least Rs. 107,000

  2. B.

    At least Rs. 147,000

  3. C.

    Rs. 109,000 exactly

  4. D.

    Rs. 107,000 exactly

  5. E.

    At most Rs. 110,000

Answer

A

Explanation

Summing Upanshu's profits over 12 months with x=10,y=58x=10, y=58, and z≥5z \ge 5 gives a total profit of at least Rs. 107,000.

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