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The rate of turnover of a firm in a given year is 5 times while...

Commerce
JAMB 2013

The rate of turnover of a firm in a given year is 5 times while the average stock is #12,500. what is the turnover of the firm?

  • A. #24,000
  • B. #46,500
  • C. #62,500
  • D. #65,000
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Correct Answer: Option C
Explanation

12,500 x 5 = 62,500

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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts