Use the following information to answer the given question
\(\begin{array}{c|c} & N \\ \hline \text{Stock in hand} & 4,000 \\ \text{Purchases for resale} & 5,000 \\ Sales & 3,500 \\ Margin & \text{20%}\end{array}\)
The closing stock is
N6,200
N5,500
N5,000
N4,000
N3,500
Correct answer is A
No explanation has been provided for this answer.