Waec Model Questions Vol1 2023 Commerce Question 1

Practice objective / multiple choice question 1 from the 2023 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2023 Commerce Objective / Multiple Choice Easy Difficulty
Question 1 WAEC_MODEL_QUESTIONS_VOL1 • 2023 • COMMERCE • objective

A trader purchases 50 kg of rice at a cost of ₦2,200 per kilogram. He intends to earn a profit of 25 % on his total cost and then adds a sales tax of 5 % on the profit‑inclusive price. What is the final selling price per kilogram (in naira)?

Answer Options

A. 2777.5
B. 2750
C. 2860
Correct Answer D. 2887.5
Correct Answer
D
Correct Option:
2887.5

About This Question

This is Waec Model Questions Vol1 2023 Commerce Question 1. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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