waecE-LEARNING
Commerce Paper 2, Nov/Dec. 2012  
Questions: 1 2 3 4 5 6 7 8 9 10 Main
General Comments
Strength
Weakness/Remedies


Question 10

The question was on the calculation of ;
[a]       cost of goods  sold.
[b]       Purchases
[c]       net profit.

 

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observation

Very few candidates attempted the question and their performance was poor. Many avoided the question. The candidates should note the following formulae:

(a)       cost of goods sold  =          Purchase Plus opening stock less closing stock
(b)       Net profit      =          Gross profit - Expenses

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