WAEC Commerce 2021 Paper

Concept:Average stock is the mean value of stock available over a given period.Explanation:Average stock is found by adding the opening stock and the closing stock together.The resulting sum is then divided by $2$.This gives the formula: $$\text{Average stock} = \frac{\text{Opening stock} + \text{Closing stock}}{2}$$In words, it is the opening stock added to the closing stock, with the total divided by $2$.Answer:C. opening stock to closing stock divided by 2