Asked by bev

Mr. Bobby bought 50 shares at $60, and 2 months later purchased 25 shares a $56.at what price should he purchase 25 additional shares in order to have an average price $58 per share?

Answers

Answered by Steve
(50*60 + 25*56 + 25x)/(50+25+25) = 58

now solve for x
Answered by Kausar
56
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