Average stock of a firm is Rs 40000.its opening stock is Rs 5000 less than the closing stock. Calculate opening and closing stock amounts.
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Answer: OS = 32500
CS = 37500
Explanation:
OS = CS-5000
AVERAGE STOCK = OS +CS /2
40000= (CS-5000+CS)/2
80000=2CS - 5000
2 CS = 75000
CS = 37500
OS = 37500- 5000
= 32500
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