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Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.

   
Opening stock
Purchase
1000
7000
Sales 8000
Closing Stock 3000


Trading Expenses


Electricity
Salaries
Rent
Depreciations

135
875
180
210


From the figures given, calculate

3826

Net profit

  • A. 1400
  • B. 5000
  • C. 1600
  • D. 6400
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3827

Percentage of net profit to turnover

  • A. 30%
  • A. 5%
  • B. 10%
  • D. 20%
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3828

An offer extended to several people at once is called

  • A. Acceptance
  • B. Offeror
  • C. Invitation to threat
  • D. Consideration
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3829

A counter offer is an offer that is

  • A. different from the original offer
  • B. breached
  • C. different in terms of acceptance
  • D. extended to several people at once
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3830

Services are made up of

  • A. visible and invisible
  • B. Industry and Commerce
  • C. direct and indirect services
  • D. Goods and Services
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Download WAEC May/June App - Get all past questions and answers, 100% offline - 43208
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts