WAEC Commerce 2002 Question 12

Use the following information: Ndu Enterprises has the following state of affairs: Stock 1st Jan. was N3,500 and 31st December was N3,000. His purchases was N30,000 and sales was N38,000 while a total of rent and electricity bills of N4,500 was paid.
The turnover for the period is

1. A.N38,000
2. B.N33,000
3. C.N30,000
4. D.N4,500