O-LevelCommerceFinanceMay/June 2017Paper 1 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
The correct answer is B. This question tests the candidate's understanding of finance within the Commercesyllabus. The examiner's mark scheme requires...
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Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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