The average price paid by him for the shares after 3 months is ksh. 163.33
<h3>Average</h3>
- Total value of shares bought = ksh.20,000
- Amount of shares bought in the first three months = ksh.120, ksh.160 and ksh.210
Average price paid for the shares after 3 months
= (120 + 160 + 210) / 3
= 490 / 3
= 163.333333333333
Approximately,
ksh. 163.33
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Answer:
33 1/3 L of the 40% solution, 16 2/3 L of the 25% solution
Step-by-step explanation:
Set up two equations...
Let x represent the number of Liters of the 40% solution
Let y represent the number of Liters of the 25% solution
We need 50 liters total, so
x + y = 50
and we need the 50 L to be 35% solution, so
0.4x = 0.25y = 0.35(50)
Solve the first equation for one variable...
x = 50 - y (subtract y from both sides in equation 1)
Now substitute that value into the second equation...
0.4(50 - y) + 0.25y = 17.5 (x becomes 50 - y, 0.35(50) = 17.5)
Now solve for y...
20 - 0.4y + 0.25y = 17.5
-0.15y = -2.5
y = 16.66666667
y = 16 2/3 L
So we need to plug that into the first equation to find 'x'
x + 16 2/3 = 50
x = 50 - 16 2/3
x = 33 1/3
0.985 is the median.
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