Commerce 2015 Waec Past Questions and Answers

Question 16 :

• WAEC 2015

BXY Enterprise has the following balance at the end of march 2010

opening stock	D6,000
purchases	D23,000
salaries and wages	D12,000
closing stock	D8,000
sales	D30,000

Use the information above to answer the following question.


calculate the gross profit by BYX Enterprise

A. D13,000
B. D9,000
C. D5,000
D. D1,000

Question 17 :

• WAEC 2015

BXY Enterprise has the following balance at the end of march 2010

opening stock	D6,000
purchases	D23,000
salaries and wages	D12,000
closing stock	D8,000
sales	D30,000

Use the information above to answer the following question.


what is the rate of turnover by BYX Enterprise

A. 5.0 times
B. 3.5 times
C. 3.0 times
D. 1.5 times

Question 18 :

• WAEC 2015

which of the following workers is engaged in construction occupation

A. Mason
B. Shop assistant
C. Farmer
D. Train driver

Question 19 :

• WAEC 2015

A cheque which the bank refused to pay because the drawer had insufficient funds in his account is?

A. A bounced cheque
B. A bearer cheque
C. A crossed cheque
D. An order cheque

Question 20 :

• WAEC 2015

which of the following is a function of the retailer to the wholesaler

A. Providing after sales services
B. Providing information on market trends
C. Sales of variety of goods
D. Sales of goods in smaller quantities