Given: Opening stock: ₦1,800 Purchases: ₦2,800 Sales: ₦8,000 Closing stock: ₦350 Carriage on sales: ₦500 Calculate the value of the unused stock.

Assessment: JAMB UTME - Commerce - 2012 Subject: Commerce

Question 1 Report

Given:
Opening stock: ₦1,800
Purchases: ₦2,800
Sales: ₦8,000
Closing stock: ₦350
Carriage on sales: ₦500

Calculate the value of the unused stock.

Answer Details
The value of the unused stock is ₦350. This is because the opening stock of ₦1,800 plus the purchases of ₦2,800 gives us a total of ₦4,600. Subtracting the sales of ₦8,000 and the carriage on sales of ₦500, we have ₦3,100. Finally, subtracting the closing stock of ₦350 from the total gives us the value of the unused stock, which is ₦350.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning