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
- D5,000
- D3,000
-
D2,500
- D2,000
The correct answer is: C
Explanation
Average stock = opening stock + closing stock / 2
2000 + 3000 = 5000
5000 / 2 = 2500