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
The average stock is
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Correct Answer: Option C
Explanation:
Average stock = opening stock + closing stock / 2
2000 + 3000 = 5000
5000 / 2 = 2500
Average stock = opening stock + closing stock / 2
2000 + 3000 = 5000
5000 / 2 = 2500