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WAEC Commerce 2016 Paper

Question : 12

Total: 49

Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000

Solution:

Concept:

Average stock is the mean value of opening stock and closing stock over a period.

Explanation:

Opening stock

= \mathrm{D}5{,}000

Closing stock

= \mathrm{D}7{,}000

Sum of opening and closing stock

= 5{,}000 + 7{,}000 = 12{,}000

Average stock

= \frac{\text{Opening stock} + \text{Closing stock}}{2} = \frac{12{,}000}{2} = 6{,}000

Thus, the average stock is

\mathrm{D}6{,}000

Answer:

\mathrm{D}6{,}000

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