GRE Prep Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.
Customized
for You
Track
Your Progress
Practice
Pays
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
GRE Prep Club Team Member
Joined: 20 Feb 2017
Posts: 2506
Given Kudos: 1055
GPA: 3.39
An investor purchased 20 shares of certain stock at price of $45.75 pe
[#permalink]
23 Dec 2022, 09:13
23 Dec 2022, 09:13
Expert Reply
1
Bookmarks
00:00
Question Stats:
99% (01:00) correct
0% (00:00) wrong based on 7 sessions
Hide Show timer Statistics
An investor purchased 20 shares of certain stock at price of $45.75 per share. Later this investor purchased 30 more shares at price of $46.25 per share. What was the average price per share that this investor paid for the 50 shares?
1. 45.80
2. 45.95
3. 46.00
4. 46.05
5. 46.20
1. 45.80
2. 45.95
3. 46.00
4. 46.05
5. 46.20
Re: An investor purchased 20 shares of certain stock at price of $45.75 pe
[#permalink]
27 Dec 2022, 01:18
27 Dec 2022, 01:18
2
Expert Reply
Given:
An investor purchased 20 shares of a certain stock at a price of $45.75 per share.
Total money paid for 20 shares = $45.75*20 = $915
Later this investor purchased 30 more shares at a price of $46.25 per share
Total money paid for 30 shares = $46.25*30 = $1387.5
Total money paid for 50 shares = $915 + $1387.5 = $2302.5
The average price per share that this investor paid for the 50 shares = $2302.5/50 = $46.05
The correct answer is D
An investor purchased 20 shares of a certain stock at a price of $45.75 per share.
Total money paid for 20 shares = $45.75*20 = $915
Later this investor purchased 30 more shares at a price of $46.25 per share
Total money paid for 30 shares = $46.25*30 = $1387.5
Total money paid for 50 shares = $915 + $1387.5 = $2302.5
The average price per share that this investor paid for the 50 shares = $2302.5/50 = $46.05
The correct answer is D
Re: An investor purchased 20 shares of certain stock at price of $45.75 pe
[#permalink]
24 Mar 2025, 10:01
24 Mar 2025, 10:01
Hello from the GRE Prep Club BumpBot!
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
Thanks to another GRE Prep Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).
Want to see all other topics I dig out? Follow me (click follow button on profile). You will receive a summary of all topics I bump in your profile area as well as via email.
