I. A retailer when fixing his selling price adds one-quarter to the cost of the...
FINANCIAL
JAMB 1995
I. A retailer when fixing his selling price adds one-quarter to the cost of the article II. The expenses of the retailer is 10% of his sales III. The total sales is N23,000 IV. he turned over his stock five times in the year. Compute the average amount of stock in hand at cost price
- A. N3,860
- B. N3,806
- C. N3,680
- D. N3,086
Correct Answer: C. N3,680
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