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The Blue Ray is a trader in home d cor items. The firm operates with a mark - up of 2 5 % During the

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. a) What was the value of the closing stock? (5 Marks) b) What portion of stock was stolen?

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