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What is the average stock?

Commerce
WAEC 2021

Use the information below to answer questions 20 and 21.

Opening stock 4000
Closing stock 12000
Purchases 17000

 

What is the average stock?

  • A. NI0,500
  • B. N8.500
  • C. N8,000
  • D. 6000
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Correct Answer: Option C
Explanation

Average stock = \(\frac{\text {opening stock + closing stock}}{2}\)

\(\frac{4000+12000}{2}\)

= 8000


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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995