Page 100 - Spring Into Markets
P. 100

What is stock turn?
Stock turn is the volume of stock sold on your stall rather than the money taken at the till/pouch.
Example 1
I sell a padlock for £1 and I always
have £100 worth of padlocks (i.e. a
stock of 100 padlocks) on my stall.
Every year I sell 1,000 padlocks. My
stock turn is therefore 10 because
each year I sell my stock ten times
over (100 x 10 = 1000).
Example 2
I sell bracelets for £2 and I always
have £150 worth of bracelets (i.e.
a stock of 75 bracelets) on my stall.
Every year I sell 3,000 bracelets. My
stock turn is therefore 40 because
each year I sell my stock forty
times over (75 x 40 = 3000).
       100 Simple Profit and Loss
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