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Commerce Past Questions and Answers

Commerce Questions

Question 3156:
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
View Answer & Explanation
Question 3157:
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
View Answer & Explanation
Question 3158:
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
View Answer & Explanation
Question 3159:
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000<br/>What was his net profit?
  • A #35,000
  • B #25,000
  • C #15,000
  • D #5,000
View Answer & Explanation
Question 3160:
Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.<br/>What is the percentage of expenses over cost?
  • A 50%
  • B 33%
  • C 25%
  • D 17%
View Answer & Explanation