Last visit was: 08 Sep 2026, 01:22 It is currently 08 Sep 2026, 01:22
Home
Messages
Tests
Schools
Events
Close
GMAT Club Daily Prep
Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History
Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.
Go to My Error Log Learn more
Close
Request Expert Reply
Confirm Cancel
Back to Forum
Create Topic
User avatar
Bunuel
User avatar
Math Expert
Joined: 02 Sep 2009
Last visit: 07 Sep 2026
Posts: 113,229
Own Kudos:
839,914
Given Kudos: 111,378
Products:
GMAT Club Tests
Expert
Expert reply
Active GMAT Club Expert! Tag them with @ followed by their username for a faster response.
Posts: 113,229
Kudos: 839,914
If $4,500 was invested in a bond fund when the price per share was $9 30 Jun 2019, 23:47
Kudos
Add Kudos
Bookmarks
Bookmark this Post
00:00
Start Timer
Pause Timer
Resume Timer
Show Answer
Hide
Show
History
D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!

Difficulty:

15% (low)

Question Stats:

84% (01:51) correct 16% (01:40) wrong based on 43 sessions

History

Date
Time
Result
Not Attempted Yet
If $4,500 was invested in a bond fund when the price per share was $9 and $3,000 was invested in the fund when the price per share was $10, what was the average (arithmetic mean) price per share purchased?

(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
ShowHide Answer
Official Answer
D
User avatar
Lampard42
User avatar
Joined: 22 Nov 2018
Last visit: 12 Dec 2020
Posts: 424
Own Kudos:
566
Given Kudos: 292
Location: India
GMAT 1: 640 Q45 V35
GMAT 2: 740 Q49 V41
GMAT 2: 740 Q49 V41
Posts: 424
Kudos: 566
If $4,500 was invested in a bond fund when the price per share was $9 01 Jul 2019, 00:08
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
If $4,500 was invested in a bond fund when the price per share was $9 and $3,000 was invested in the fund when the price per share was $10, what was the average (arithmetic mean) price per share purchased?

(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
Show more

So initially 500 shares (4500/9) and later 300 (3000/10) shares were purchased. So total cost - 7500$. Per share is 75/8 IMO D
User avatar
Kinshook
User avatar
Major Poster
Joined: 03 Jun 2019
Last visit: 07 Sep 2026
Posts: 6,127
Own Kudos:
6,090
 [1]
Given Kudos: 164
Location: India
Schools: HBS '28 CBS '26 Wharton '26
GMAT 1: 690 Q50 V34
WE:Engineering (Transportation)
Products:
My Reviews
Schools: HBS '28 CBS '26 Wharton '26
GMAT 1: 690 Q50 V34
Posts: 6,127
Kudos: 6,090
 [1]
If $4,500 was invested in a bond fund when the price per share was $9 01 Jul 2019, 00:16
1
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
If $4,500 was invested in a bond fund when the price per share was $9 and $3,000 was invested in the fund when the price per share was $10, what was the average (arithmetic mean) price per share purchased?

(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
Show more

Total money spent = 7500
Total shares purchased = 800
Average price per share = 7500/800 = 9.375

IMO D
User avatar
Archit3110
User avatar
Major Poster
Joined: 18 Aug 2017
Last visit: 08 Sep 2026
Posts: 8,813
Own Kudos:
5,335
Given Kudos: 243
Status:You learn more from failure than from success.
Location: India
Concentration: Sustainability, Marketing
GMAT Focus 1: 545 Q79 V79 DI73
GMAT Focus 2: 645 Q83 V82 DI81
GPA: 4
WE:Marketing (Energy)
GMAT Focus 2: 645 Q83 V82 DI81
Posts: 8,813
Kudos: 5,335
If $4,500 was invested in a bond fund when the price per share was $9 01 Jul 2019, 07:47
Kudos
Add Kudos
Bookmarks
Bookmark this Post
Bunuel
If $4,500 was invested in a bond fund when the price per share was $9 and $3,000 was invested in the fund when the price per share was $10, what was the average (arithmetic mean) price per share purchased?

(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
Show more

total shares @9$; 4500/9 ; 500
and @10$; 3000/10 ; 300
so total shares ; 800
total amount 4500+3000; 7500
avg ; 7500/800; 9.375
IMO D
Moderator:
Bunuel
Math Expert
113229 posts