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<br/>stock is
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Correct Answer: Option B
Explanation:
Average stock is calculated by adding the opening stock and closing stock, and dividing the result by two.<br/><br/>Formula:<br/>\(\text{Average Stock} = \frac{\text{Opening Stock} + \text{Closing Stock}}{2}\)<br/><br/>Calculation:<br/>\(\text{Average Stock} = \frac{2,000 + 3,000}{2}\)<br/><br/>\(\text{Average Stock} = \frac{5,000}{2} = D2,500\)<br/><br/>Therefore, the average stock is D2,500.
Average stock is calculated by adding the opening stock and closing stock, and dividing the result by two.<br/><br/>Formula:<br/>\(\text{Average Stock} = \frac{\text{Opening Stock} + \text{Closing Stock}}{2}\)<br/><br/>Calculation:<br/>\(\text{Average Stock} = \frac{2,000 + 3,000}{2}\)<br/><br/>\(\text{Average Stock} = \frac{5,000}{2} = D2,500\)<br/><br/>Therefore, the average stock is D2,500.