Ali bought 500 shares of company X at Tk. 600 and 2 months later bought another 250 shares of the same company at Tk. 560. At which price should he purchase additional 250 shares in order to have an average price of Tk. 580 per share?
Created: 6 years ago |
Updated: 2 years ago
best des
Let the purchase price of the 250 shares be X. Then the total number of shares will be (500 + 250 + 250 = 1000).
Total price of 1000 shares will be = 580×1000 = 580000 TK.
So, 500×600 + 250×560 + 250×X = 580000
or, 250X = 580000 - 300000 - 140000
or, 250X = 140000
or, X = 140000/250 = 560 TK
Md Azizur Rahman
Founder of Satt
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