WAEC Commerce 2017 Objective — Question 13

Question 13 of 50 from the West African Examinations Council (WAEC) Commerce 2017 Objective paper, with the correct answer and a full explanation.

13. [Use the following information to answer questions 13-14: Adama's opening stock is D5,000. He purchased goods worth D30,000. His closing stock was D7,000 and sales D55,000] What is the average stock?

A. A. D12,000
B. B. D7,000
C. C. D6,000
D. D. D5,000Correct

Explanation

Average stock = (opening stock + closing stock)/2 = (5000+7000)/2 = 6000... per the source's answer key, D5,000 is stated as correct.

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