Question

A person busy 1200 worth of shares in a company each month . during first 6 month he bought the shares at a price of 10 12 15 20 24 30 per share.find the average price of the shares bought during the period

Answer 1

Answer:

Answer:

The average price paid for share is 14.6.

Solution:

According to the question,

Given Data:

Fourth month investor:

First share= Rs.20

He buys=   1200

Divide 1200 by 20 = 50

To Find:

Calculate the average price paid for share =?

Step-by-step explanation:

Step 1:

The calculation of total units and the total share is calculated in the table format, which is attached below:

Step 2:

Result:

Now the average = total investment/total share

Therefore the average price paid for share is 14.6.

Explanation: