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.
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Answer:
116.67Rs
Explanation:
Average daily price of shares for 5 days (Monday to Friday) = 130 Rs.
Total sum of the price of the shares from Monday to Friday = 130 x 5 = 650 Rs.
Removing the price of the shares of lowest and highest shares we get the total price of the shares for 3 days
= 650 - 200 - 100 = 350
Average = 350/3 = 116.67 Rs.
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