Jamb Commerce Past Questions and Answers

Question 536:

• JAMB 2003

The main motive of chambers of commerce and trade association is to?

A. Assist governemnt in achieving its objective
B. Protect the interest of consumers
C. Maximize profit
D. Protect and promote the interests of members

Question 537:

• JAMB 2003

A pattern that shows the kinds of participants involved in the production, distribution and ultimate use of a product is referred to as?

A. Selection
B. Strategy
C. Structure
D. Synergy

Question 538:

• JAMB 2003

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

Question 539:

• JAMB 2003

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

Question 540:

• JAMB 2003

How much was the trade discount?

A. N42.500
B. N27,500
C. N22,500
D. 20,000