O-LevelCommerceFinance7100/11 · May/June 2011 · Q391 Mark
A clothing retailer says that her rate of turnover is five. What does this mean?
AThe average stock held remains with the retailer for five weeks.
BThe mark up is 5% more than the cost of the clothes.
CThe profits are 5% of the capital invested.
DThe retailer sells five times the average stock held each year.
✓ Correct answer
D: The retailer sells five times the average stock held each year.
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