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O-LevelCommerceFinance7100/12 · Oct/Nov 2014 · Q401 Mark

In 2013 Mrs Kumar's business had a rate of turnover of five. The business holds an average stock of $50000 at cost price. What was the total cost of goods sold in 2013?

A$10000

B$50000

C$200000

D$250000

✓ Correct answer

D: $250000

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2014 Paper 1 Variant 2, question 40.

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