Jamb Commerce 2019 Past Questions and Answers

Question 126:

• JAMB 2019

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 stockPurchase	10007000	Sales	8000
Closing Stock	3000

Trading Expenses

ElectricitySalariesRentDepreciations

₦135875180210

From the figures given, calculate


Net profit

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

Question 127:

• JAMB 2019

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 stockPurchase	10007000	Sales	8000
Closing Stock	3000

Trading Expenses

ElectricitySalariesRentDepreciations

₦135875180210

From the figures given, calculate


Percentage of net profit to turnover

A. 30%
B. 5%
C. 10%
D. 20%

Question 128:

• JAMB 2019

An offer extended to several people at once is called

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

Question 129:

• JAMB 2019

A conter 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

Question 130:

• JAMB 2019

Services are made up of

A. Visible and invisible
B. Industry and Commerce
C. Direct and indirect services
D. Goods and Services