during a period of decline in a stock market prices a stock sold at ₹50/share on the first day,₹40/share on the second day and ₹25 on the third day.If a invester bought 100,120&180 shares on the respective 3 days the average price paid per share will be?.
Answers
Given; that during a period of decline in a stock market prices a stock is is sold at ₹50/share on the first day,₹40/share on the second day and ₹25 on the third day. If an investor bought 100,120&180 shares on the respective 3 days
To Find; the average price paid
Solution; It is given that during the period of decline in a stock market prices a stock is is sold at ₹50/share on the first day,₹40/share on the second day and ₹25 on the third day. If an investor bought 100,120&180 shares on the respective 3 days prices for the first share =50
Price for 100 shares =5000
Price for second share =40
Price for 120 shares =120×40= 4800
Price for third share =25
Price for 180 shares = 180×25
=4500
Total price=14300
Total number of sharing =400
Average=143/4
Hence rate per question is 35.75