A business had an average inventory of $\$40\,000$. Its inventory turnover rate was $5$ times a year. Mark-up stood at $20\%$. Calculate the revenue for the year.
- A$\$160\,000$
- B$\$200\,000$
- C$\$240\,000$
- D$\$250\,000$
Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios