JAMB - Commerce (2025 - No. 43)
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock D3,000. The average
stock is
stock is
D3,000
D2,500
D5,000
D2,000
Explication
The average stock is calculated by adding the opening and closing stock and dividing by 2.
In this case, Average Stock = (D2,000 (Opening Stock) + D3,000 (Closing Stock)) / 2
= D2,500.
In this case, Average Stock = (D2,000 (Opening Stock) + D3,000 (Closing Stock)) / 2
= D2,500.