EXHIBIT 11
COMMERCE GROUP CORP. AND CONSOLIDATED SUBSIDIARIES
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SCHEDULE OF COMPUTATION OF NET INCOME PER SHARE
Years Ended March 31
2000 1999 1998
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BASIC
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Net income for primary
income per common share $ (396,232) $ (90,266) $ 118,603
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Weighted average number
of common shares outstanding
during the year - basic 12,172,867 11,165,127 10,358,132
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Income (loss) per common
share - basic $ (.0326) $ (.0081) $ .0115
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DILUTED
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Net income for basic and
diluted income per
common share $ (396,232) $ (90,266) $ 118,603
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Weighted average number
of common shares used in
calculating income per
common share 12,172,867 11,165,127 10,358,132
Add incremental shares
representing:
Shares issuable upon
exercise of stock
options 1,254,900 977,400 1,327,400
Shares issuable upon
payment of stock loans
interest and other 0 45,606 98,000
Stock rights 625,235 625,235 0
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Weighted average number
of shares used in calcu-
lation of fully diluted
income per share 14,053,002 12,813,368 11,783,532
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Fully diluted income
(loss) per common
share $ (.0282) $ (.0070) $ .0100
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