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O-LevelCommerceFinance7100/12 · May/June 2012 · Q401 Mark

A business has the following financial figures. [Table: net sales $300 000, gross profit $100 000, opening stock $9000, closing stock $11000] What is the rate of turnover?

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A3

B5

C10

D20

✓ Correct answer

D: 20

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, May/June 2012 Paper 1 Variant 2, question 40.

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