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A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the...

Commerce
JAMB 2025

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

 

  • A. D3,000
  • B. D2,500
  • C. D5,000
  • D. D2,000
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Correct Answer: Option B
Explanation

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.

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