Search SchoolNGR

Thursday, 11 June 2026
Register . Login

Use the following information to answer the given question \(\begin{array}{c|c} N \\ ...

Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Stock in hand} & 4,000 \\ \text{Purchases for resale} & 5,000 \\ Sales & 3,500 \\ Margin & \text{20%}\end{array}\)
The closing stock is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A N6,200
  • B N5,500
  • C N5,000
  • D N4,000
  • E N3,500
Correct Answer: Option A
Explanation:

Share question on: