Waec Commerce 1998 Past Questions and Answers

Question 91:

• WAEC 1998

Which of the following is not a method of selling

A. Self-services
B. Exhibition
C. Mail Order
D. Stock control
E. Automatic vending

Question 92:

• WAEC 1998

Price lists, catalogues and COD are mainly used in operating

A. Chain stores
B. Supermarkets
C. Department stores
D. Mail order business
E. Hypermarkets

Question 93:

• WAEC 1998

The time allowed for unloading and loading ships is referred to as

A. Days of grace
B. Charter by demise
C. Voyage charter
D. Time charter
E. Lay days

Question 94:

• WAEC 1998

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's profit is

A. #58,000.00
B. #42,000.00
C. #38,000.00
D. #22,000.00
E. #20,000.00

Question 95:

• WAEC 1998

XYZ Ltd's total sales was #100,000. It had opening stock of #20,000 and closing stock of #22,000. It bought goods worth #80,000 and paid #2,000 for rent.
XYZ Ltd's Net Profit is

A. #58,000.00
B. #38,000.00
C. #24,000.00
D. #22,000.00
E. #20,000.00