O-LevelCommerceFinance7100/12 · May/June 2017 · Q401 Mark
Mrs Khan is a retailer who sells luxury handbags. Last month, the value of her sales turnover was $40000 and her cost of sales was $30000. At the start of the month, her stock (inventory) was $8000 at cost price. At the end of the month, the stock (inventory) was $7000 at cost price. What was Mrs Khan's rate of inventory turnover for that month?
A0.25
B4
C5.3
D10000
✓ Correct answer
B: 4
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Finance and see which topics are most likely to come up next.
Sign up free →