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Commerce 1998 JAMB Past Questions

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16

If a firm's turnover is N15,000 and the cost of goods sold is N 10,000 What is the percentage of gross profit on sales?

  • A. 23.3%
  • B. 33.3%
  • C. 50.0%
  • D. 66.6%
View Answer & Discuss (5) JAMB 1998
17
A machine which enable s sales without the physical presence of a sales attendant is a
  • A. computer machine
  • B. vending machine
  • C. telex machine
  • D. fax machine
View Answer & Discuss JAMB 1998
18
What document is required when a country imposes ad valorem import duties on goods?
  • A. A mail transfer
  • B. A shipping note
  • C. A billb of lading
  • D. A consular invoice
View Answer & Discuss (2) JAMB 1998
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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19
Enter pot trade is said to have taken place when goods are?
  • A. held at the port payment of custom duty
  • B. sold in the ship under special regulation
  • C. imported and then re-export
  • D. kept for further processing before sales
View Answer & Discuss (1) JAMB 1998
20
When a price is quoted at F.O.B. it means that the price?
  • A. excludes loading charges incurred in bringing the goods to port of destinction
  • B. exclude all necessary shipping charges payable for insurrance
  • C. includes all charges payable on shipping a consignment to the port destination
  • D. includes charges payable for for loading goods onto the ship
View Answer & Discuss (1) JAMB 1998
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts