Waec Model Questions Vol1 2018 Commerce Question 1
Practice objective / multiple choice question 1 from the 2018 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases goods at a cost price of ₦1,000 per unit. He marks up the goods by 30 % to obtain the marked price. He then gives a trade discount of 10 % on the marked price and, if the buyer pays within 15 days, a cash discount of 2 % on the discounted price. In addition, he pays a commission of 5 % of the selling price to a sales agent. What is the net profit percentage on the original cost price? Express your answer to two decimal places.
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About This Question
This is Waec Model Questions Vol1 2018 Commerce Question 1. It is one of the objective questions from the 2018 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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