Africa Exams
Where Preparation Meets Success
Home
Botswana
Botswana PSLE Papers
Botswana JCE Papers
Botswana BGCSE Papers
Ghana
Ghana BECE Exams
Kenya
Kenya KCPE Papers
Kenya KCSE Papers
Kenya KASNEB Papers
Nigeria
WAEC Exams
JAMB Exams
Rwanda
Rwanda Primary Papers
Rwanda Secondary Papers
Uganda
Uganda PLE Papers
Uganda UCE Papers
Uganda UACE Papers
Certifications
Technical
Cloud Tech Certifications
Security Tech Certifications
Management
IT Infrastructure
More
About
Contact Us
Our Apps
Privacy
+
-
Test Index
JAMB Commerce 2015 Paper
Show Para
Hide Para
Share question:
© africaexams.com
Question : 48
Total: 50
Given
Opening stock
50,000
Purchases
200,000
Sales
350,000
Closing stock
80,000
What is the cost of good sold?
N200,000
N190,000
N170,000
N175,000
Validate
Solution:
The cost of goods sold is calculated through the formula below
opening stock + purchases – closing stock.
If we go by the formula above it is
N50,000 + N 200,000 - N80,000 = N170,000.
© africaexams.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Prev Question
Next Question