In a certain code, 33946 is coded as PPOAL and 1987 is coded as ROSE. How is 94678 coded in that code ?

Answer: B. OALES

The numbers are coded as shown:
 

3 9 4 6 1 8 7
P O A L R S E

i.e. 9 as O,
4 as A,
6 as L,
7 as E   and
8 as S.
So, 94678 is coded as OALES.