Help me out with average cost

General
1

this must be basic maths but i am missing something & i am stuck.

a . shorted 145 qty at 324.45 –
b. shorted another 4 qty at 325.10

the position book reflects 149 qty avg sell price 324.47

so, how is avg sell price as 324.47 ??

my maths is avg (324.45+325.1)/2 = 324.78

Whats the maths involve here? must be basic, but i admit, i don’t know… Please help. God bless you really.

2

This is how you do it.

(145 * 324.45) = 47,045.25
(4 * 325.1) = 1300.4

47,045.25 + 1300.4 = 48,345.65 / 149 = 324.47.

1 Like
3

yeah! thank you

4

As ShubhS9 has shown, this is known as weighted average, you can trying searching on google for more info.