Equity portfoliofind the average price paid per share in an, Ask an Expert

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Equity portfolio

Find the average price paid per share in an equity portfolio consisting of: 40 shares bought for R15 each; 10 shares bought for R20 each; 5 shares bought for R40 each; and 50 shares bought for R10 each. Use the weighted average formula.

Car sales

Value Cars, a pre-owned car dealership with branches throughout Gauteng, last month sold 5 cars at R25 000 each; 12 cars at R34 000 each; and 3 cars at R55 000 each.What was the average price per car sold by Value Cars last month? Use the weighted average formula.

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