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?

A 600
B 580
C 560
D 570

Correct Answer: 560

Let the required price be P. Then, (500 x 600 + 250 x 560 + 250 x P) / (500 + 250 + 250) = 580 Or,  440000 + 250P = 580 x 1000 Or,  P = (580000 - 440000) / 250 = 560 TK.
Bissoy MCQ
#গণিত #গড় (Average) #Dhaka Bank Ltd #Dhaka Bank Ltd - MTO - 2004

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