A business recorded an average inventory of $40\,000$. Its inventory turnover rate was $5$ times per year. Mark-up was $20\%$. What was the revenue earned during the year?
- A$160\,000$
- B$200\,000$
- C$240\,000$
- D$250\,000$
Accounting 0452 · IGCSE · Calculation and understanding of accounting ratios