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

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

The correct answer is C. N3,680

No explanation given