an investor buys rupees 1200 worth for shares in a company each month during the first five months he bought the share at price of rupees 10,12,15,20 and 24 per share.after 5 month what is the average price paid for the shares by him
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Step-by-step explanation:
no. of shares bought in 1st month=1200÷10=120
no. of shares bought in 2nd month=1200÷12=100
no. of shares bought in 3rd month=1200÷15=80
no. of shares bought in 4th month=1200÷20=60
no. of shares bought in 5th month=1200÷24=50
total no. of shares bought= 120+100+80+60+50=410
total rupees=1200×5= 6000
average= 6000÷410=₹14.63
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