A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the...
COMMERCE
WAEC 2011
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
The average stock is
- A. D5,000
- B. D3,000
- C. D2,500
- D. D2,000
Correct Answer: C. D2,500
Explanation
Average stock = opening stock + closing stock / 2 2000 + 3000 = 5000 5000 / 2 = 2500
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