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If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120,...

Commerce
WAEC 2007
If the opening stock is Le200, cost of goods sold Le2,400, and closing stock Le120, then the rate of turnover is
  • A. 20 times
  • B. 15 times
  • C. 12 times
  • D. 7.5 times
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Correct Answer: Option B
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