Test Index

WAEC Commerce 2022 Paper

Question : 9

Total: 50

Average stock is derived by adding

Solution:

Concept:

Average stock is the mean value of stock at the start and end of a period.

Explanation:

To find average stock, add the opening stock and the closing stock.

Then divide the total by

2

\text{Average stock} = \frac{\text{Opening stock} + \text{Closing stock}}{2}

This matches the statement: opening stock plus closing stock, divided by

2

Answer:

C. opening stock to closing stock divided by 2

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