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Commerce Paper 1, May/June 2009  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
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Question 10

    The following information is from the books of Auntie Justice, who sells books for the
    year ended 31112/05
    Sales .................................................................................... 220,000
    Stock 1/1/05 ............................................................................60,000
    Purchases ................................................................................180,000
    Stock 31/12/05 ........................................................................ 70,000
    Salaries and wages ................................................................... 8,000
    Debtors ....................................................................................16,000
    Transport ................................................................................. 6,000
    Rent .........................................................................................5,000
    Calculate (showing all workings) the
           (a)        gross profit
           (b)       average stock
           (c)        net profit

    __________________________________________________________________________

    Observation

    The question was good for most of the candidates who attempt it and their performance
    was quite impressive.


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