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Commerce 2003 JAMB Past Questions

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NECO offline past questions - All questions, answers & explanations in one app 25712
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
6
Goods that are manufactured or acquired by the seller after the contract of sale are?
  • A. specialty goods
  • B. future goods
  • C. specific goods
  • D. general goods
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7
Use the information below to answer question 7 and 8.

Ojo purchased the following items from Sani at the specified prices on credit:
200 cartons of milk at N1,000 per carton; 50 bags of rice at N3 000 per bag.
Sani allowed 10% trade discount and 5% cash discount, if payment is made within the agreed period. Ojo paid within the agrred period.

What was the the amount paid by Ojo?
  • A. N382,500
  • B. N425,000
  • C. N363,375
  • D. N61,625
View Answer & Discuss JAMB 2003
8
How much was the trade discount?
  • A. N42.500
  • B. N27,500
  • C. N22,500
  • D. 20,000
View Answer & Discuss JAMB 2003
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NECO offline past questions - All questions, answers & explanations in one app 25712
9
The basic functin of the Nigeria Ports Authority is to?
  • A. ensure that the right calibre of personnel is employed at the ports
  • B. coordinate and regulate the activities of shipping lines
  • C. facilitate and control the movement of goods and services into and out of the country
  • D. coordinate the activities of all the seaports in the country
View Answer & Discuss (2) JAMB 2003
10
The concept that refers to the sale, transfer or exchange of goods and service is?
  • A. industry
  • B. trade
  • C. tariff
  • D. marketing
View Answer & Discuss JAMB 2003
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