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Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock.  The value of closing stock = ______.
  • a)
    Rs 12,000
  • b)
    Rs 24,000
  • c)
    Rs 10,500
  • d)
    Rs 13,500.
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening...
Given: Average Stock = Rs 12,000, Closing stock is Rs 3,000 more than opening stock.

To find: Value of closing stock.

Solution:

Let the opening stock be x.

Then, the closing stock will be x + 3,000 (as given in the question)

Total stock = opening stock + closing stock/2

12,000 = (x + x + 3,000)/2

24,000 = 2x + 3,000

2x = 24,000 - 3,000

2x = 21,000

x = 10,500

Therefore, the opening stock is Rs 10,500.

The closing stock is Rs 3,000 more than the opening stock.

Therefore, the closing stock is Rs 13,500.

Hence, the value of closing stock is Rs 13,500.
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Community Answer
Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening...
[1] 12000=3000+x+x/2

[2] 24000=3000+2x

[3] 24000-3000=2x

[4] 21000/2=x

[5] 10500 =x
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Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock. The value of closing stock = ______.a)Rs 12,000b)Rs 24,000c)Rs 10,500d)Rs 13,500.Correct answer is option 'D'. Can you explain this answer?
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Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock. The value of closing stock = ______.a)Rs 12,000b)Rs 24,000c)Rs 10,500d)Rs 13,500.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock. The value of closing stock = ______.a)Rs 12,000b)Rs 24,000c)Rs 10,500d)Rs 13,500.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock. The value of closing stock = ______.a)Rs 12,000b)Rs 24,000c)Rs 10,500d)Rs 13,500.Correct answer is option 'D'. Can you explain this answer?.
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