WAEC - Commerce (2011 - No. 19)
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
The average stock is
D5,000
D3,000
D2,500
D2,000
Selitys
Average stock = opening stock + closing stock / 2
2000 + 3000 = 5000
5000 / 2 = 2500
2000 + 3000 = 5000
5000 / 2 = 2500