CommerceFinancing a businessJAMB
A trader's opening stock is ₦20,000, closing stock ₦30,000 and cost of goods sold ₦100,000. The rate of turnover is
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Answer: A. 4 times
Average stock = ₦25,000; 100,000 ÷ 25,000.
An AdmitMe practice question, written for the JAMB syllabus. Not an official past question.