Waec Model Questions Vol1 2017 Commerce Question 11
Practice objective / multiple choice question 11 from the 2017 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases goods whose list price is ₦500,000. He receives a trade discount of 12% on the list price and, if he pays within 10 days, a cash discount of 3% on the discounted price. He also pays a commission of 2% on the price after the cash discount to his sales agent. He intends to sell the goods at a markup of 25% on his total cost (price after discounts plus commission). What selling price should he set for the goods?
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About This Question
This is Waec Model Questions Vol1 2017 Commerce Question 11. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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