Waec Model Questions Vol1 2023 Commerce Question 17
Practice objective / multiple choice question 17 from the 2023 Waec Model Questions Vol1 Commerce examination.
A retailer buys 200 shirts for a total cost of ₦240,000. He intends to apply a markup of x% on the cost price to set the marked price per shirt. Customers receive a seasonal discount of 12% on the marked price, after which a 5% value‑added tax (VAT) is added. The retailer wants a net profit of ₦30,000 after discount and VAT. What markup percentage x must he use?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 17. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Medium .
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