The following information relates to Booker Traders.

The following information relates to Booker Traders.
Kshs.
Opening stock 60,000
Closing stock 25,000
Purchases 120,000
Gross profit 45,000
Calculate;
(a) Margin (2mks)
(b) Rate of stock turn over (2mks)

Snap 2023 04 26 at 06.33.47
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