Jamb Commerce Past Questions and Answers

Question 96:

• 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.

stock Purchase	1000 7000	Sales	8000
Closing Stock	3000

Trading Expenses the figures given, calculate

Net profit

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

Question 97:

• 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.

stock Purchase	1000 7000	Sales	8000
Closing Stock	3000

Trading Expenses the figures given, calculatePercentage of net profit to turnover

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

Question 98:

• JAMB 2019

An offer extended to several people at once is called

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

Question 99:

• 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 100:

• JAMB 2019

Services are made up of

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