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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
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Correct Answer: Option C
Explanation

Average stock = opening stock + closing stock / 2
2000 + 3000 = 5000 
5000 / 2 = 2500

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