Waec Commerce 2010 Past Questions and Answers

Question 46:

• WAEC 2010

Which of the following is not a function of a retailer?

A. Providing after sales services
B. Stocking variety of goods
C. Selling in small unites to the consumers
D. Financing manufacturers

Question 47:

• WAEC 2010

A firm on the stock exchange which agrees to buy shares not bought after a public offer is

A. A broker
B. A stag
C. A jobber
D. An underwriter

Question 48:

• WAEC 2010

Which of the following ancillary services makes it possible for goods to be where they are required?

A. Communication
B. Banking
C. Transportation
D. Insurance

Question 49:

• WAEC 2010

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000
What was his net profit?

A. #35,000
B. #25,000
C. #15,000
D. #5,000

Question 50:

• WAEC 2010

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the percentage of expenses over cost?

A. 50%
B. 33%
C. 25%
D. 17%