Given: ₦ Sales 15,000 Opening stock 5,600 Purchases 9,700 Closing stock 4,400 Gross profit 4,500
COMMERCE
JAMB 2020
Given: ₦ Sales 15,000 Opening stock 5,600 Purchases 9,700 Closing stock 4,400 Gross profit 4,500 Net profit 2,000 From the above data, calculate the rate of turnover
- A. 2.00 times
- B. 3.50 times
- C. 2.18 times
- D. 3.00 times
Correct Answer: C. 2.18 times
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