Utme 2020 Commerce Question 31
Practice objective / multiple choice question 31 from the 2020 Utme Commerce examination. This question covers Accounting .
Given: Sales = ₦15,000, Opening stock = ₦1,600, Purchases = ₦9,700, Closing stock = ₦4,400, Gross profit = ₦4,500, Net profit = ₦2,000. From the above data, calculate the rate of turnover.
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About This Question
This is Utme 2020 Commerce Question 31. It is one of the objective questions from the 2020 Utme Commerce examination.
The question covers Accounting .
Difficulty level: 2 .
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