Utme 2023 Commerce Question 12

Practice objective / multiple choice question 12 from the 2023 Utme Commerce examination. This question covers Commerce .

Utme 2023 Commerce Objective / Multiple Choice 3 Difficulty
Topic: Commerce
Question 12 UTME • 2023 • COMMERCE • objective

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 data above, calculate the rate of turnover.

Answer Options

A. 3.50 times
B. 3.00 times
Correct Answer C. 2.18 times
D. 2.00 times
Correct Answer
C
Correct Option:
2.18 times

About This Question

This is Utme 2023 Commerce Question 12. It is one of the objective questions from the 2023 Utme Commerce examination.

The question covers Commerce .

Difficulty level: 3 .

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