Question

35. In the stock market, four different stocks have an average price of $100 per stock. The price of a Drone stock is $70. What is the average price of the three other stocks

(not including the Drone stock)?
A. 107
B. 110
C. 112
D. 117
E Cannot say

Answer 1

The answer would be B. 110

The way I got this answer was due to the fact it says the average price of the other three stocks. This means they are the same price.

Now knowing this information, I did 110 x 3 which gave me 330. That is the three other stocks and now we add Drone. ( 70 )

70 + 330 = 400

now that we have 400 and 4 different stocks, to get our average we divide by 4 to give us 100.