JAMB UTME - Commerce - 2012 | Green Bridge CBT

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.

#800

#500

#350 Correct answer

#320

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.






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