WAEC Commerce Past Questions & Answers - Page 227

1,131.

A retailer who receives a trade discount of 33‘/3% and a cash discount of 10% on goods worth N360 would pay?

A.

N240

B.

N226

C.

N216

D.

204

E.

120

Correct answer is B

No explanation has been provided for this answer.

1,132.

When a seller decides to sell his goods at a specific price for a specific period, he is making?

A.

a sales promotion

B.

a bid

C.

an auction sale

D.

a firm offer

E.

an implied guarantee

Correct answer is D

No explanation has been provided for this answer.

1,133.

When the balance of trade is unfavourable which of the following conditions prevails?

A.

Exports exceed imports

B.

Imports exceed exports

C.

Customs duty is high

D.

lnvisible exports exceed visible imports

E.

The value money falls

Correct answer is B

No explanation has been provided for this answer.

1,134.

Which of the following is a declaration by the captain of a ship as to the cargo on board?

A.

Bill of ladlng

B.

Mates receipt

C.

Ships manifest

D.

Bill of sight

E.

Dock warrant

Correct answer is C

No explanation has been provided for this answer.

1,135.

Are fund usually granted for goods imported and later re-exported is called?

A.

commission

B.

discount

C.

customs drawback

D.

dock due

E.

demurrage

Correct answer is C

No explanation has been provided for this answer.