passwella.
Menu

JAMB Commerce 2012 Question 31

Question 31

Business Calculations

If the rate of turnover of a company in 1999 was 4 times while the average stock was ₦49,600, determine the turnover.

  1. A.₦199,400
  2. B.₦198,400
  3. C.₦100,200
  4. D.₦99,200
Show the answer and explanation

Answer: B (₦198,400)

Explanation

Turnover = rate of turnover × average stock = 4 × 49 600 = ₦198 400.