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If Tk. 4,500 was invested in a share when the price per share was Tk. 9 and Tk. 3,000 was invested in another share when the price per share was Tk. 10. What was the average price per share purchased?

Correct Answer: Tk. 9.375
When tk 9, number of share = 4500/9 = 500 When tk 10, number of share = 3000/10 = 300 Average price = Total price of share / Total number of share = (4500 + 3000) / (500 + 300) = 7500/800 = 9.375

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