Given Sales N15 000 Opening stock N5 600 Purcha... - JAMB Commerce 2005 Question
Given:
Sales...........................N15 000
Opening stock...................N5 600
Purchases.......................N9 700
Closing stock...................N4 400
Gross profit....................N4 500
Net profit......................N2 200
From the data above, calculate the rate of turnover?
Sales...........................N15 000
Opening stock...................N5 600
Purchases.......................N9 700
Closing stock...................N4 400
Gross profit....................N4 500
Net profit......................N2 200
From the data above, calculate the rate of turnover?
A
3:50 times
B
3:00 times
C
2:00 times
D
2:18 times
correct option: d
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