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O-LevelCommerceFinance7100/11 · Oct/Nov 2013 · Q401 Mark

The table shows figures for 2012 from a trader's accounts. $ gross profit 20000 net profit 12000 cost of goods sold 80000 cost of average stock 10000 What is the rate of turnover?

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A2

B4

C8

D10

✓ Correct answer

C: 8

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About this question

Topic: Finance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2013 Paper 1 Variant 1, question 40.

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