Waec Commerce Past Questions and Answers

Question 1736:

• 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 1737:

• 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 1738:

• 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

Question 1739:

• 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 rate of turnover?

A. 13.5 times
B. 10.8 times
C. 9 times
D. 5.4 times

Question 1740:

• WAEC 2011

In marine insurance, when a particular cargo is thrown into the sea in order to prevent the ship from sinking, the type of marine loss is

A. Particular average loss
B. General average loss
C. Total average loss
D. Constructive average loss