Math Problem Statement
what will be the average price per share if i buy15 stocks worth $5.83 with 152 already purchased shares at a price of $6.08
Solution
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Math Problem Analysis
Mathematical Concepts
Weighted Average
Stock Price Calculation
Formulas
Average Price = (Price of Old Shares × Number of Old Shares + Price of New Shares × Number of New Shares) / Total Number of Shares
Theorems
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Suitable Grade Level
Grades 10-12