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Commerce · Q1137

Accounting

Graduate and Post Graduate · Commerce · question 1137

Q1137

The cost of goods sold is Rs. 50,000. The value of opening and closing stock is Rs. 15,000 and Rs. 25,000 respectively. The stock turnover rate will be :

A.
2 times
B.
2.5 times
Answer
C.
3.3 times
D.
1.25 times

Answer: Option B

Solution

Answer: Option B
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