The following information relates to Moyale Retailers for the month of July 2015: Sales – Ksh 50,000 Cost of sales – Ksh 40.000 Average stock – ksh 20,000 Expenses were – 5% of sales Calculate: (i) Mark-up (2 marks) (ii) Margin (2 marks) (iii) Total expenses (2 marks) (iii) Net profit (2 marks) (iv) Rate of stock turnover

The following information relates to Moyale Retailers for the month of July 2015:

Sales – Ksh 50,000

Cost of sales – Ksh 40.000

Average stock – ksh 20,000

Expenses were – 5% of sales

Calculate:

(iv) Rate of stock turnover