I. A retailer when fixing his selling price adds one-quarter to the cost of the ...

Question

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 ₦23,000
IV. he turned over his stock five times in the year.

Compute the average amount of stock in hand at cost price

Options

C)

₦3,680