Commerce Past Questions and Answers

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000
What was his net profit?

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the percentage of expenses over cost?

Ojo bought a bicycle for #20,000, and repaired it at a cost of #5,000. He then sold the bicycle for #30,000.
What is the cost of goods sold

Which of the following mode of transport involves the use of tramps?

(a) Define commerce.
(b) Explain six functions of commerce in an economy.