Work out average price paid

[McMark]

just wondering if anyone can help out a mathematical genius like myself
(NOOOT)
IF I purchased 4000 shares at .786 and then purchased 3000 shares off
the same company for .656, How would I work out the average price
that I had paid so that i can enter that in my commsec position summary page
cheers

 

[Crafty]

Divide total cost by total amount of shares...

e.g. $5112/7000 Shares = Avg Price $.730

 

[doctorj]

Average price paid = total $ paid for all parcels / total number held....

 

[subaru69]

I think this is right..

Add the 2 purchace prices together
(4000* 0.786= 3144) + (3000* 0.656= 1968) = 5112

Then divide by total no. of shares, ie 7000

Answer = 0.7303

I've added an extra digit to the answer so I feel like my time was well spent B-)

 

[McMark]

Fantastic
thank you heaps
cheers

 

[Julia]

Doesn't Comsec offer you the option of "Average View" on your portfolio screen? Should be no need to work it out manually.

 

[disarray]

westpac and ib show average cost as well. i think most brokers would report position statements this way.