JAMB Commerce 2023 Objective — Question 8

Question 8 of 40 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2023 Objective paper, with the correct answer and a full explanation.

What is the average stock? A.

A. #5550
B. #6000
C. #5100
D. #5500Correct

Explanation

Average stock = opening stock + (closing stock/2) = #5,100 + #600/2? Per key: Average stock = Opening stock + (Closing stock/2) = #5,100 + #1,000/2 = #5,550.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Commerce 2023 Objective More Commerce past papers