A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the...
COMMERCE
WAEC 2011
A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the rate of turnover?
- A. 13.5 times
- B. 10.8 times
- C. 9 times
- D. 5.4 times
Correct Answer: B. 10.8 times
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