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The average daily price of shares of company from monday to friday was 130 rupees.if highest and lowest price during the week were rupees 200 and 100 rupees,find out average daily price when highest and lowest price are not included.?
Verified Answer
The average daily price of shares of company from monday to friday was...
Ans.

Method to Solve :

Average daily price of shares for 5 days (Monday to Friday) = 130 Rs.
Total sum of the price of the shares from Monday to Friday = 130 � 5 = 650 Rs.
Removing the price of the shares of lowest and highest shares we get the total price of the shares for 3 days 
= 650 - 200 - 100 = 350
Average = 350/3 = 116.67 Rs.
This question is part of UPSC exam. View all Commerce courses
Most Upvoted Answer
The average daily price of shares of company from monday to friday was...
Analysis:
To find the average daily price when the highest and lowest prices are not included, we need to calculate the average of the remaining prices.

Given:
- Average daily price from Monday to Friday = 130 rupees
- Highest price during the week = 200 rupees
- Lowest price during the week = 100 rupees

Steps to find the average daily price:
1. Calculate the sum of the prices from Monday to Friday.
2. Subtract the highest and lowest prices from the sum.
3. Divide the remaining sum by the number of days (5) to get the average daily price without the highest and lowest prices.

Calculation:
1. Sum of prices from Monday to Friday = Average daily price * Number of days
= 130 rupees * 5 = 650 rupees

2. Subtract the highest and lowest prices:
Remaining sum = Sum of prices - (Highest price + Lowest price)
= 650 rupees - (200 rupees + 100 rupees)
= 650 rupees - 300 rupees
= 350 rupees

3. Calculate the average daily price without the highest and lowest prices:
Average daily price without highest and lowest prices = Remaining sum / Number of days
= 350 rupees / 5
= 70 rupees

Answer:
The average daily price without considering the highest and lowest prices is 70 rupees.
Community Answer
The average daily price of shares of company from monday to friday was...
Ans.

Method to Solve :

Average daily price of shares for 5 days (Monday to Friday) = 130 Rs.
Total sum of the price of the shares from Monday to Friday = 130 � 5 = 650 Rs.
Removing the price of the shares of lowest and highest shares we get the total price of the shares for 3 days
= 650 - 200 - 100
= 350
Average = 350/3 = 116.67 Rs.
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