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O-LevelCommerceFinance7100/12 · Oct/Nov 2013 · Q401 Mark

The table shows figures taken for the year 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?

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 2, question 40.

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