waecE-LEARNING
Commerce Paper 2, May/June 2013  
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) Turn-over;
(b) Cost of goods sold;
(c) Gross profit;
(d) Net profit;
(e) Rate of Stock turn-over.

_____________________________________________________________________________________________________

observation

Candidates' performance was very poor in this question. The subject teachers should pay attention to this aspect of the syllabus. However, the following formulae should be noted.

  1. Turn-over
  2. Cost of Goods Sold
  3. Gross Profit
  4. Net Profit
  5. Rate of Stock of goods sold total expences Turn-over Returns Inwards
  6. Opening Stock + Purchases - Returns outward Closing Stock
  7. Turn Over
  8. Gross profit -
  9. Cost of goods sold Average Stock
Powered by Sidmach Technologies(Nigeria) Limited .
Copyright © 2015 The West African Examinations Council. All rights reserved.