Waec Model Questions Vol1 2020 Commerce Question 14
Practice objective / multiple choice question 14 from the 2020 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases goods from a manufacturer at ₦8 per unit. He sells to retailers by quoting a list price L per unit. Retailers receive a trade discount of 5% on L, and the wholesaler pays a commission of 2% of the selling price (after discount) to his sales agents. The wholesaler wants a profit margin of 20% on his cost after accounting for the discount and commission. What should be the list price L (in naira, to two decimal places)?
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About This Question
This is Waec Model Questions Vol1 2020 Commerce Question 14. It is one of the objective questions from the 2020 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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