Waec Model Questions Vol1 2021 Commerce Question 12
Practice objective / multiple choice question 12 from the 2021 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases 800 units of a product. The catalogue price is ₦200 per unit. He receives a trade discount of 10% on the catalogue price. If he pays within 10 days he gets an additional cash discount of 2%; otherwise he pays the trade‑discounted price. He intends to sell each unit at a markup of 25% on his actual cost. He wants a total profit of at least ₦15,000 on the whole batch. Determine (i) whether he must take the cash discount to meet his profit target, and (ii) the selling price per unit he should set.
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About This Question
This is Waec Model Questions Vol1 2021 Commerce Question 12. It is one of the objective questions from the 2021 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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