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Commerce Paper 2, Nov/Dec. 2008  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies

 














Question 8

Candidates to calculate (showing all working):

  • rate of stock turnover;
  • gross profit;net profit;
  • net profit percentage.

_____________________________________________________________________________________________________

observation

The few candidates who attempted the question performed averagely well.
However, candidates should note that the final answer to the rate of Turnover must have the percentage “times” eg
Rate of Turnover         =          cost of goods sold
                                                Average stock
                                    =          15,000             =                      5.45 times
                                                   2,750

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