The Blue Ray is a trader in home dcor items. The firm operates with a mark-up of 25% During the month of April 2017 opening stock was $80,000, and purchases as $300,000. Sales for the period was $350,000. At the end of the month a portion of his stock was stolen. The amount remaining was $30,000
What was the value of the closing stock?
b)What portion of stock was stolen
