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WAEC Commerce 2012 Question 44

Question 44

Business Calculations

The size of profit of a business is measured by the

  1. A.closing stock.
  2. B.opening stock.
  3. C.total purchases.
  4. D.rate of turnover.
Show the answer and explanation

Answer: D (rate of turnover.)

Explanation

The faster stock is sold (rate of turnover), the more profit a business makes.