The Stealth product has generated $320,000 of profit over its three year life measured on a traditional basis. This represents 40% of turnover – ahead of its target.
Please guide me as how have they got the 40% turnover here??
It is actually 38% – the examiner has rounded it to 40% because it is not a critical figure (all that matters is that it is more than target). Profit is 320,000, turnover is 840,000. 320/840 = 38%