Waec Model Questions Vol1 2022 Commerce Question 6
Practice objective / multiple choice question 6 from the 2022 Waec Model Questions Vol1 Commerce examination.
A wholesaler purchases a product whose list price is ₦5,000 per unit. He receives a trade discount of 12% on the list price and, if he pays within 10 days, an additional cash discount of 5% on the discounted price. He also pays a commission of 2% of the amount after all discounts to his sales agent. The wholesaler then marks up his total cost (discounted price plus commission) by 30% to determine his selling price. What is the selling price per unit (in Naira) that he should charge?
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About This Question
This is Waec Model Questions Vol1 2022 Commerce Question 6. It is one of the objective questions from the 2022 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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