If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is?

By: |Published on: May 29|Categories: Commerce WAEC| 0 comments

A. 20 times
B. 15 times
C. 12 times
D. 7.5 times

Correct Answer: Option B

B. 15 times

Users Also Read These:

SEE ALSO  What document is required when a country imposes valorem import duties on goods?

Copyright warnings! Do not copy.