Waec Commerce 2011 Past Questions and Answers

Question 16:

• WAEC 2011

Shipping services rendered by Nigeria to The Gambia would be classified by The Gambia as

A. Invisible imports
B. Invisible exports
C. Visible imports
D. Vivible exports

Question 17:

• WAEC 2011

The main divisions of production are

A. Industry, direct and indirect services
B. Extraction, manufacturing and construction
C. Industry, commerce and direct services
D. Industry, commerce and trading

Question 18:

• WAEC 2011

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?

A. D28,000
B. D27,000
C. D8,000
D. D5,000

Question 19:

• WAEC 2011

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
What is the cost of goods sold?

A. D28,000
B. D27,000
C. D8,000
D. D5,000

Question 20:

• WAEC 2011

A trader's turnover was D36,000. Purchases was D28,000. The opening stock was D2,000 and the closing stock was D3,000.
The average stock is

A. D5,000
B. D3,000
C. D2,500
D. D2,000