Zakaat on the cost price of trading stock or on the selling price?
Q: Does one pay zakaat on the cost price of trading stock or on the selling price of the trading stock? E.g. I sell cars. I paid R10,000 for the car but I am selling the car for R25,000. The book value of the car is R20,000. Do I pay Zakaat on R10,000, R20,000 or R25,000?