Jamb 2019 Commerce Questions
Question 86:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
Opening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Gross profit
View Answer & ExplanationOpening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Gross profit
Question 87:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
Opening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Net profit
View Answer & ExplanationOpening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Net profit
Question 88:
Use this information to answer this question. Below is the trading, profit and loss Account particulars of Amadi peterside and Brothers for the year ended 31st December 1986.
Opening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Percentage of net profit to turnover
View Answer & ExplanationOpening stock = 1000
Purchases = 7000
Sales = 8000
Closing stock = 3000
Trading Expenses:
Electricity = 135
Salaries = 875
Rent = 180
Depreciation = 210
From the figures given, calculate Percentage of net profit to turnover
Question 89:
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery Ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?
View Answer & ExplanationOladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery Ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm × 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
The above represents?
Question 90:
Use the following information to answer this question.
Oladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
From the question above, the document the firm or organization will send to the buyer is
View Answer & ExplanationOladosu Bookshop
54, Ahmadu Bello Way
Kaduna
P.O.BOOX 336
6 January 1989
Olu Stationery ltd
17, Kakawa Street
Lagos
Dear Sir,
We require 200 pieces of 0.8mm fountain pens and 1000 pieces of plain single line 21cm à— 18cm exercise books.
Please give us quotes for the respective articles for immediate delivery and a statement of your terms of trade.
Yours Faithfully
Manager.
From the question above, the document the firm or organization will send to the buyer is