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Commerce 2011 WAEC Past Questions

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16

The main divisions of production are

  • A. industry, direct and indirect services
  • B. extraction, manufacturing and construction
  • C. industry, commerce and direct services
  • D. industry, commerce and trading
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17

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

What is the cost of goods sold?

  • A. D28,000
  • B. D27,000
  • C. D8,000
  • D. D5,000
View Answer & Discuss WAEC 2011
18

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

What is the cost of goods sold?

  • A. D28,000
  • B. D27,000
  • C. D8,000
  • D. D5,000
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19

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

The average stock is

  • A. D5,000
  • B. D3,000
  • C. D2,500
  • D. D2,000
View Answer & Discuss (1) WAEC 2011
20

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.

What is the rate of turnover?

  • A. 13.5 times
  • B. 10.8 times
  • C. 9 times
  • D. 5.4 times
View Answer & Discuss WAEC 2011
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