O-LevelCommerceFinance7100/12 · May/June 2023 · Q361 Mark
Which commercial term is correctly matched to its formula?
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Acost of goods sold sales turnover – gross profit
Bprofit for the year sales revenue – purchases
Crate of inventory value of sales ÷ average stock at cost price
Dworking capital current assets + current liabilities
✓ Correct answer
A: cost of goods sold sales turnover – gross profit
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