Question

The average daily price of a share of a company from Monday to Friday was rupee 130. if the highest and lowest price during the week were rupee 200 and 100 respectively. find the average daily price when the highest and lowest price are not included.​

Answer 1

Answer:

Suppose, P is the price amount of a day.

Since monday to friday makes it 5days.

The total price of 5 days is 130×(P1+P2+P3+P4+P5) = 650

Now, The highest price of those 5 days= 200

The lowest price of those 5 days= 100

Of the highest and lowest price are not included, then,

650-300= 350

The average price of 5 days= 350 ÷ 5= 70rs.

Answer 2

Average of 3 days without height and lowest price = 116.67

Explanation:

Given:

Average of 5 days = 130

Height price = 200

Lowest price = 100

Find:

Average of 3 days without height and lowest price

Computation:

Total amount = 130 × 5

Total amount = 650

Average of 3 days without height and lowest price = [650 - 200 - 100] / 3

Average of 3 days without height and lowest price = 350 / 3

Average of 3 days without height and lowest price = 116.67