> How to find average of uneven quantities.?

How to find average of uneven quantities.?

Posted at: 2014-12-05 
Say I buy 1000 shares of stock at $10. Then I buy another 4000 shares of the same stock at $5. How would I get the average?

It's called a weighted average.

1000 X 10 = 10000

+4000 X 5 = 20000

So you have 30000 from 5000 shares. Average? $6

1000 x 10 = 10,000

4000 x 5 = 20,000

30,000 / 5000 = $6 average

30000/5000

Say I buy 1000 shares of stock at $10. Then I buy another 4000 shares of the same stock at $5. How would I get the average?