WAEC Commerce 2021 Objective — Question 20
Question 20 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.
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What is the average stock? (Opening stock N4,000, Closing stock N12,000, Purchases N17,000)
- A. N10,500
- B. N8,500
- C. N8,000Correct
- D. N6,000
Explanation
Average stock = (Opening stock + Closing stock) ÷ 2 = (4,000 + 12,000) ÷ 2 = N8,000.
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