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WAEC Commerce 2021 Question 20

Question 20

Business Calculations

Use the information below to answer questions 20 and 21.
Opening stock ₦4,000
Closing stock ₦12,000
Purchases ₦17,000
What is the average stock?

  1. A.₦10,500
  2. B.₦8,500
  3. C.₦8,000
  4. D.₦6,000
Show the answer and explanation

Answer: C (₦8,000)

Explanation

Average stock = (opening stock + closing stock) ÷ 2 = (4,000 + 12,000) ÷ 2 = ₦8,000.