I. A retailer when fixing his selling price adds one-quar...
I. A retailer when fixing his selling price adds one-quarter to the cost of the article
II. The expenses of the retailer is 10% of his sales
III. The total sales is N23,000
IV. He turned over his stock five times in the year.
Compute the average amount of stock in hand at cost price
N3,860
N3,806
N3,680
N3,086
Correct answer is C
No explanation has been provided for this answer.
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